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

Federal Realty Investment Trust (NYSE:FRT) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $117.60 and last traded at $117.6220, with a volume of 221578 shares traded. The stock had previously closed at $116.06.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FRT. Evercore set a $110.00 price objective on Federal Realty Investment Trust in a research note on Monday, May 4th. Piper Sandler increased their target price on Federal Realty Investment Trust from $115.00 to $127.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. 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 report on Tuesday. Wells Fargo & Company increased their target price on Federal Realty Investment Trust from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, March 19th. Finally, Stifel Nicolaus increased their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.79.

Federal Realty Investment Trust Price Performance

The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The company has a 50-day simple moving average of $109.92 and a two-hundred day simple moving average of $104.59. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 4.48 and a beta of 0.92.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend 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

Large investors have recently modified their holdings of the business. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $25,000. Turning Point Benefit Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 1,853.8% during 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 purchasing an additional 241 shares during the period. True Wealth Design LLC increased its holdings in shares of Federal Realty Investment Trust by 88.7% during the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 126 shares during the period. Private Trust Co. NA increased its holdings in shares of Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Federal Realty Investment Trust during the third quarter valued at $35,000. 93.86% of the stock is owned by institutional investors and hedge funds.

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.