Federal Realty Investment Trust (NYSE:FRT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $122.71 and last traded at $122.4730, with a volume of 282152 shares traded. The stock had previously closed at $120.81.
Analyst Ratings Changes
FRT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a report on Friday, May 29th. Wells Fargo & Company lifted their price target on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Truist Financial lifted their price target on shares of Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Scotiabank lifted their price target on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Finally, Barclays lifted their price target on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.79.
View Our Latest Research Report on FRT
Federal Realty Investment Trust Trading Up 1.8%
Federal Realty Investment Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s payout ratio is presently 78.47%.
Institutional Investors Weigh In On Federal Realty Investment Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Federal Realty Investment Trust by 90.2% during the first quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock worth $54,114,000 after purchasing an additional 241,684 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Federal Realty Investment Trust by 2.5% during the first quarter. Janus Henderson Group PLC now owns 413,167 shares of the real estate investment trust’s stock worth $43,918,000 after purchasing an additional 10,095 shares during the last quarter. Bull Harbor Capital LLC bought a new stake in Federal Realty Investment Trust during the first quarter worth $804,000. Amundi lifted its stake in Federal Realty Investment Trust by 6.4% during the first quarter. Amundi now owns 168,901 shares of the real estate investment trust’s stock worth $17,939,000 after purchasing an additional 10,102 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Federal Realty Investment Trust by 18.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,756 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 436 shares during the last quarter. 93.86% of the stock is currently owned by 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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