Federal Realty Investment Trust (NYSE:FRT) Hits New 52-Week High – Here’s Why

Federal Realty Investment Trust (NYSE:FRT)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $120.49 and last traded at $120.15, with a volume of 819735 shares changing hands. The stock had previously closed at $119.75.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FRT. Stifel Nicolaus raised their price objective on shares of Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research report on Friday, February 13th. Truist Financial increased their target price on Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Wells Fargo & Company increased their target price on Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Scotiabank increased their target price on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.92.

Federal Realty Investment Trust Price Performance

The business’s 50 day moving average is $110.52 and its 200-day moving average is $104.99. The firm has a market capitalization of $10.38 billion, a P/E ratio of 20.86, a PEG ratio of 4.53 and a beta of 0.92. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 78.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FRT. Park Square Financial Group LLC bought a new position in Federal Realty Investment Trust in the fourth quarter valued at approximately $25,000. Turning Point Benefit Group Inc. boosted its position in Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 241 shares in the last quarter. True Wealth Design LLC boosted its position in Federal Realty Investment Trust by 88.7% in the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 126 shares in the last quarter. Private Trust Co. NA boosted its position in Federal Realty Investment Trust by 937.5% in the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Federal Realty Investment Trust in the third quarter valued at approximately $35,000. 93.86% of the stock is owned by institutional investors.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.