Federal Realty Investment Trust (NYSE:FRT) Reaches New 12-Month High – Still a Buy?

Federal Realty Investment Trust (NYSE:FRT) hit a new 52-week high during trading on Friday . The stock traded as high as $122.71 and last traded at $122.4730, with a volume of 282152 shares trading hands. The stock had previously closed at $120.81.

Analyst Ratings Changes

Several research analysts recently commented on FRT shares. UBS Group set a $130.00 price target on Federal Realty Investment Trust in a research report on Monday. JPMorgan Chase & Co. increased their price target on Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Evercore set a $110.00 price target on Federal Realty Investment Trust in a report on Monday, May 4th. Bank of America lifted their price target on Federal Realty Investment Trust from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.79.

Federal Realty Investment Trust Price Performance

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. The firm has a market cap of $10.63 billion, a P/E ratio of 21.36, a PEG ratio of 2.84 and a beta of 0.94. The business has a fifty day moving average of $112.61 and a 200 day moving average of $106.11.

Federal Realty Investment Trust Dividend Announcement

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 issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is currently 78.47%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently made changes to their positions in FRT. Norges Bank bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $734,290,000. AQR Capital Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 116.3% during the fourth quarter. AQR Capital Management LLC now owns 1,820,547 shares of the real estate investment trust’s stock worth $183,511,000 after acquiring an additional 979,064 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Federal Realty Investment Trust by 453.1% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 587,687 shares of the real estate investment trust’s stock worth $59,539,000 after acquiring an additional 481,427 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth approximately $46,415,000. Finally, Millennium Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 1,920.6% during the fourth quarter. Millennium Management LLC now owns 477,038 shares of the real estate investment trust’s stock worth $48,085,000 after acquiring an additional 453,429 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.