Federal Realty Investment Trust (NYSE:FRT) Hits New 1-Year High at $107.65

Shares of Federal Realty Investment Trust (NYSE:FRT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $107.65 and last traded at $107.56, with a volume of 40288 shares changing hands. The stock had previously closed at $106.40.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Bank of America upped their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a report on Friday, April 5th. Truist Financial dropped their price objective on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, May 20th. Evercore ISI dropped their price objective on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $109.00 to $110.00 in a report on Monday, April 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Federal Realty Investment Trust from $112.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.00.

Federal Realty Investment Trust Trading Up 1.3 %

The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59. The firm’s 50-day moving average price is $101.13 and its 200 day moving average price is $101.14. The company has a market capitalization of $8.94 billion, a P/E ratio of 37.86, a P/E/G ratio of 2.13 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 21st were given a $1.09 dividend. This represents a $4.36 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Friday, June 21st. Federal Realty Investment Trust’s payout ratio is 155.16%.

Institutional Investors Weigh In On Federal Realty Investment Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its position in Federal Realty Investment Trust by 20.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 97 shares in the last quarter. State of Michigan Retirement System grew its position in Federal Realty Investment Trust by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust’s stock worth $2,078,000 after purchasing an additional 100 shares in the last quarter. GAMMA Investing LLC grew its position in Federal Realty Investment Trust by 7.6% in the 1st quarter. GAMMA Investing LLC now owns 1,837 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 130 shares in the last quarter. Strategy Asset Managers LLC grew its position in Federal Realty Investment Trust by 5.8% in the 1st quarter. Strategy Asset Managers LLC now owns 3,001 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 164 shares in the last quarter. Finally, Kesler Norman & Wride LLC grew its position in Federal Realty Investment Trust by 1.0% in the 4th quarter. Kesler Norman & Wride LLC now owns 17,734 shares of the real estate investment trust’s stock worth $1,828,000 after purchasing an additional 169 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.