Federal Realty Investment Trust (NYSE:FRT) Reaches New 1-Year High – Still a Buy?

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

Analyst Ratings Changes

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

Federal Realty Investment Trust Price Performance

The company has a market cap of $10.86 billion, a PE ratio of 21.83, a price-to-earnings-growth ratio of 2.97 and a beta of 0.94. The business’s 50 day moving average price is $114.95 and its 200-day moving average price is $107.19. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust Announces Dividend

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 paid a dividend of $1.13 per share. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.6%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 78.47%.

Institutional Trading of Federal Realty Investment Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Federal Realty Investment Trust in the fourth quarter worth $734,290,000. State Street Corp increased its stake in shares of Federal Realty Investment Trust by 1.4% in the third 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 increased its stake in shares of Federal Realty Investment Trust by 10.3% in the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock worth $387,090,000 after buying an additional 340,524 shares during the last quarter. Invesco Ltd. increased its stake in shares of Federal Realty Investment Trust by 2.7% in the fourth quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock worth $275,466,000 after buying an additional 72,718 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Federal Realty Investment Trust by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 2,198,241 shares of the real estate investment trust’s stock worth $221,217,000 after buying an additional 23,214 shares during the last quarter. 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.