Federal Realty Investment Trust (NYSE:FRT) Reaches New 12-Month High – What’s Next?

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

Analysts Set New Price Targets

FRT has been the subject of a number of analyst reports. Barclays boosted their price target on Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Truist Financial boosted their price target on Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday. Citigroup boosted their price target on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.23.

Federal Realty Investment Trust Stock Down 0.0%

The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50 day moving average price of $111.10 and a 200 day moving average price of $105.34. The company has a market cap of $10.46 billion, a P/E ratio of 21.01, a P/E/G ratio of 4.58 and a beta of 0.92.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders 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 dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

Institutional Trading of Federal Realty Investment Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter worth $25,000. Turning Point Benefit Group Inc. raised its stake in shares of Federal Realty Investment Trust by 1,853.8% in the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares in the last quarter. True Wealth Design LLC raised its stake in shares of Federal Realty Investment Trust by 88.7% in the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 126 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Federal Realty Investment Trust by 937.5% in the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth $35,000. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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.