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

Federal Realty Investment Trust (NYSE:FRT) hit a new 52-week high on Thursday . The company 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FRT shares. UBS Group upped their price objective on Federal Realty Investment Trust from $103.00 to $118.00 and gave the stock a “neutral” rating in a research note on Monday. Piper Sandler upped their price objective on Federal Realty Investment Trust from $115.00 to $127.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Scotiabank upped their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday. Stifel Nicolaus upped their price objective on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Finally, Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average target price of $115.40.

Federal Realty Investment Trust Trading Up 2.1%

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 stock has a market cap of $10.24 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 4.34 and a beta of 0.92. The company’s fifty day moving average price is $109.43 and its 200-day moving average price is $104.33.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 annualized dividend and a dividend yield of 3.8%. Federal Realty Investment Trust’s dividend payout ratio is 78.47%.

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds have recently modified their holdings of the stock. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at about $25,000. Turning Point Benefit Group Inc. raised its stake in shares of 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 worth $26,000 after purchasing an additional 241 shares during the last quarter. True Wealth Design LLC raised its stake in shares of 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 worth $27,000 after purchasing an additional 126 shares during the last quarter. Private Trust Co. NA raised its stake in shares of 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 worth $33,000 after purchasing an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Federal Realty Investment Trust in the third quarter worth about $35,000. Institutional investors and hedge funds 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.