Federal Realty Investment Trust (NYSE:FRT) Hits New 1-Year High – Time to Buy?

Federal Realty Investment Trust (NYSE:FRT)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $126.77 and last traded at $126.5710, with a volume of 40837 shares changing hands. The stock had previously closed at $125.36.

Analysts Set New Price Targets

Several research firms recently commented on FRT. Piper Sandler reiterated an “overweight” rating on shares of Federal Realty Investment Trust in a research report on Tuesday, May 26th. Raymond James Financial restated an “outperform” rating and issued a $135.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, June 29th. Evercore set a $122.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Finally, Barclays lifted their price target on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $125.94.

Federal Realty Investment Trust Stock Up 0.4%

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 market capitalization of $10.88 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.91 and a beta of 0.93. The stock has a 50-day moving average price of $120.66 and a 200-day moving average price of $111.14.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 78.47%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FRT. Danske Bank A S boosted its stake in shares of Federal Realty Investment Trust by 16.7% in the 4th quarter. Danske Bank A S now owns 700 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 100 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in Federal Realty Investment Trust by 2.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 3,650 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 100 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in Federal Realty Investment Trust by 2.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 3,849 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 103 shares during the period. Equitable Holdings Inc. lifted its holdings in Federal Realty Investment Trust by 3.5% in the third quarter. Equitable Holdings Inc. now owns 3,114 shares of the real estate investment trust’s stock valued at $315,000 after buying an additional 105 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Federal Realty Investment Trust by 18.8% in the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 109 shares during the period. Institutional investors own 93.86% of the company’s stock.

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.