Federal Realty Investment Trust (NYSE:FRT) Reaches New 52-Week High – Should You Buy?

Shares of Federal Realty Investment Trust (NYSE:FRT) hit a new 52-week high on Monday . The company traded as high as $127.00 and last traded at $127.00, with a volume of 205 shares traded. The stock had previously closed at $126.08.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on FRT shares. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Friday, May 29th. Evercore set a $122.00 target price on Federal Realty Investment Trust in a research report on Tuesday, July 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $135.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, June 29th. Bank of America boosted their price objective on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Piper Sandler raised their target price on Federal Realty Investment Trust from $127.00 to $149.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $127.62.

Federal Realty Investment Trust Stock 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 business has a 50 day moving average price of $121.97 and a two-hundred day moving average price of $112.19. The stock has a market cap of $10.97 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $1.13 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $4.52 annualized dividend and a yield of 3.6%. Federal Realty Investment Trust’s payout ratio is presently 78.47%.

Institutional Trading of Federal Realty Investment Trust

Several hedge funds have recently modified their holdings of FRT. Norges Bank bought a new stake in Federal Realty Investment Trust in the fourth quarter worth $734,290,000. State Street Corp increased its holdings in shares of Federal Realty Investment Trust by 1.4% in the 3rd quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust’s stock worth $675,610,000 after buying an additional 90,127 shares during the last quarter. Resolution Capital Ltd raised its position in shares of Federal Realty Investment Trust by 10.3% during the 1st quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after buying an additional 340,524 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Federal Realty Investment Trust by 2.7% in the 4th quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock valued at $275,466,000 after acquiring an additional 72,718 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Federal Realty Investment Trust by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock valued at $221,217,000 after acquiring an additional 23,214 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

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.