Federal Realty Investment Trust (NYSE:FRT) Sets New 52-Week High – Here’s Why
by Amy Steele · The Cerbat GemFederal Realty Investment Trust (NYSE:FRT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $117.60 and last traded at $117.6220, with a volume of 221578 shares. The stock had previously closed at $116.06.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on FRT. Truist Financial raised their price objective on Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Scotiabank raised their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday. Stifel Nicolaus raised their price objective on Federal Realty Investment Trust from $109.50 to $111.00 and gave the stock a “hold” rating in a research note on Friday, February 13th. Finally, Evercore set a $110.00 price objective on Federal Realty Investment Trust in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $115.40.
Get Our Latest Stock Report on Federal Realty Investment Trust
Federal Realty Investment Trust Stock Performance
The firm has a 50-day moving average of $109.43 and a two-hundred day moving average of $104.33. 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 company has a market capitalization of $10.24 billion, a PE ratio of 20.58, a PEG ratio of 4.34 and a beta of 0.92.
Federal Realty Investment Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st will be given a dividend of $1.13 per share. 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 currently 78.47%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust during the fourth quarter valued at approximately $25,000. Turning Point Benefit Group Inc. raised its position in Federal Realty Investment Trust by 1,853.8% during the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 241 shares in the last quarter. True Wealth Design LLC raised its position in Federal Realty Investment Trust by 88.7% during the fourth quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 126 shares in the last quarter. Private Trust Co. NA raised its position in Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Federal Realty Investment Trust in the third quarter valued at approximately $35,000. 93.86% of the stock is currently owned by hedge funds and other institutional investors.
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.
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