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

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

Analyst Ratings Changes

A number of equities analysts have recently commented on FRT shares. JPMorgan Chase & Co. increased their price objective on shares of 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. Citigroup increased their price objective on shares of Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Piper Sandler restated an “overweight” rating on shares of Federal Realty Investment Trust in a research note on Tuesday. Evercore set a $110.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, May 4th. Finally, Scotiabank increased their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $116.92.

Federal Realty Investment Trust Stock Performance

The stock’s 50 day moving average price is $110.52 and its 200 day moving average price is $104.99. 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 company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 20.86, a P/E/G ratio of 4.53 and a beta of 0.92.

Federal Realty Investment Trust Dividend Announcement

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

Institutional Investors Weigh In On Federal Realty Investment Trust

Several hedge funds have recently bought and sold shares of FRT. Jones Financial Companies Lllp lifted its stake in Federal Realty Investment Trust by 21.5% in the 1st quarter. Jones Financial Companies Lllp now owns 2,903 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 514 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Federal Realty Investment Trust by 43.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 612,574 shares of the real estate investment trust’s stock valued at $59,922,000 after purchasing an additional 184,557 shares during the last quarter. Empowered Funds LLC lifted its stake in Federal Realty Investment Trust by 12.5% in the 1st quarter. Empowered Funds LLC now owns 3,205 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 355 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Federal Realty Investment Trust in the 2nd quarter valued at about $2,895,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Federal Realty Investment Trust by 18.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 109 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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.