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

Federal Realty Investment Trust (NYSE:FRT) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $125.58 and last traded at $123.8270, with a volume of 1108500 shares traded. The stock had previously closed at $124.44.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on FRT shares. Wells Fargo & Company boosted their target price on Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. UBS Group set a $130.00 price target on Federal Realty Investment Trust in a research note on Monday, June 1st. Scotiabank boosted their price target on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. JPMorgan Chase & Co. boosted their price target on Federal Realty Investment Trust from $115.00 to $124.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Finally, Bank of America boosted their price target on Federal Realty Investment Trust from $125.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.21.

Federal Realty Investment Trust Trading Down 0.5%

The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. The business has a 50 day moving average of $114.19 and a 200-day moving average of $106.87. The stock has a market cap of $10.70 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.96 and a beta of 0.94.

Federal Realty Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be paid a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.7%. Federal Realty Investment Trust’s dividend payout ratio is presently 78.47%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors and hedge funds have recently bought and sold shares of FRT. Centersquare Investment Management LLC lifted its stake in shares of Federal Realty Investment Trust by 2.2% during the 3rd quarter. Centersquare Investment Management LLC now owns 1,270,854 shares of the real estate investment trust’s stock worth $128,750,000 after purchasing an additional 27,306 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Federal Realty Investment Trust by 20.5% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 114,249 shares of the real estate investment trust’s stock worth $11,575,000 after purchasing an additional 19,412 shares during the period. ING Groep NV purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth $1,028,000. Schroder Investment Management Group purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth $33,779,000. Finally, Jain Global LLC purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth $15,046,000. Hedge funds and other 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.