Federal Realty Investment Trust (NYSE:FRT) Sets New 52-Week High – Still a Buy?

Federal Realty Investment Trust (NYSE:FRT)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $126.77 and last traded at $126.5710, with a volume of 40837 shares. The stock had previously closed at $125.36.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FRT shares. Wolfe Research initiated coverage on Federal Realty Investment Trust in a research note on Wednesday, July 8th. They set an “outperform” rating and a $143.00 price target for the company. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Friday, May 29th. Truist Financial upped their price objective on Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a report on Friday, June 5th. Piper Sandler reaffirmed an “overweight” rating on shares of Federal Realty Investment Trust in a research note on Tuesday, May 26th. Finally, Evercore set a $122.00 target price on Federal Realty Investment Trust in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.94.

Federal Realty Investment Trust Trading Up 0.5%

The firm has a market capitalization of $10.88 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a 50 day moving average price of $120.86 and a two-hundred day moving average price of $111.24.

Federal Realty Investment Trust Dividend Announcement

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

Hedge Funds Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Financial Group LLC purchased a new stake in shares of Federal Realty Investment Trust in the fourth quarter valued at $1,140,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Federal Realty Investment Trust by 97.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,120 shares of the real estate investment trust’s stock worth $3,148,000 after buying an additional 15,329 shares during the period. M&T Bank Corp purchased a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $4,472,000. UBS Group AG grew its holdings in shares of Federal Realty Investment Trust by 23.3% during the fourth quarter. UBS Group AG now owns 382,183 shares of the real estate investment trust’s stock valued at $38,524,000 after buying an additional 72,293 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Federal Realty Investment Trust by 11.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 436,018 shares of the real estate investment trust’s stock valued at $43,951,000 after buying an additional 43,685 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

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.