UPDATE: JP Morgan Downgrades Federal Realty Investment Trust to Neutral on Lack of Relative Upside - Federal Realty Investment (NYSE:FRT)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

JP Morgan downgraded Federal Realty Investment Trust (NYSE: FRT) from Overweight to Neutral and maintained a $114.00 price target.JP Morgan commented, "While the stock is a blue chip/core holding in the REIT space and has strong intermediate-term growth prospects, we believe that the “cat's out of the bag” with respect to the company's strong positioning and we see near-term catalysts elsewhere in the REIT space at this time. … FRT trades at 23.4x our 2013 FFO/share estimate, a 35% premium to the strip center group's average multiple."Federal Realty Investment Trust closed at $106.26 on Tuesday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!