Federal Realty Investment Trust (NYSE:FRT) Hits New 52-Week High at $116.20

Shares of Federal Realty Investment Trust (NYSE:FRT) hit a new 52-week high during trading on Friday . The company traded as high as $116.20 and last traded at $116.20, with a volume of 76012 shares trading hands. The stock had previously closed at $114.17.

Analyst Ratings Changes

Several research firms recently weighed in on FRT. Mizuho lifted their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research note on Monday. Piper Sandler increased their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Wells Fargo & Company upped their target price on Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Scotiabank raised their price target on Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Finally, Truist Financial cut their price target on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.36.

Federal Realty Investment Trust Stock Performance

The stock has a fifty day simple moving average of $107.00 and a two-hundred day simple moving average of $102.93. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 40.64, a P/E/G ratio of 2.26 and a beta of 1.23.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.36). The business had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.69%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.67 earnings per share. Analysts expect that Federal Realty Investment Trust will post 6.8 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. This represents a $4.40 annualized dividend and a yield of 3.81%. Federal Realty Investment Trust’s payout ratio is presently 156.58%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers increased its position in shares of Federal Realty Investment Trust by 1.1% during the second quarter. Cetera Investment Advisers now owns 21,952 shares of the real estate investment trust’s stock worth $2,216,000 after buying an additional 241 shares during the period. Point72 Asset Management L.P. bought a new stake in Federal Realty Investment Trust during the 2nd quarter valued at $303,000. Quarry LP raised its holdings in Federal Realty Investment Trust by 269.9% during the second quarter. Quarry LP now owns 1,498 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 1,093 shares during the last quarter. Algert Global LLC lifted its stake in shares of Federal Realty Investment Trust by 40.6% in the second quarter. Algert Global LLC now owns 26,048 shares of the real estate investment trust’s stock valued at $2,630,000 after buying an additional 7,520 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its holdings in shares of Federal Realty Investment Trust by 7.6% during the second quarter. Susquehanna Fundamental Investments LLC now owns 6,926 shares of the real estate investment trust’s stock valued at $699,000 after buying an additional 489 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

About Federal Realty Investment Trust

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.