Federal Realty Investment Trust (NYSE:FRT – Get Free Report)’s share price hit a new 52-week high on Thursday . The company traded as high as $125.58 and last traded at $123.8270, with a volume of 1108500 shares. The stock had previously closed at $124.44.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on FRT shares. Mizuho set a $130.00 price objective on Federal Realty Investment Trust and gave the stock an “outperform” rating in a report on Monday, June 1st. Scotiabank upped their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Evercore set a $110.00 price objective on Federal Realty Investment Trust in a report on Monday, May 4th. Citigroup upped their price objective on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.21.
Read Our Latest Analysis on FRT
Federal Realty Investment Trust Stock Down 0.5%
Federal Realty Investment Trust Announces Dividend
The firm also recently announced 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 annualized dividend and a dividend yield of 3.7%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 78.47%.
Institutional Trading of Federal Realty Investment Trust
Large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth about $734,290,000. State Street Corp lifted its position in shares of Federal Realty Investment Trust by 1.4% during 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 purchasing an additional 90,127 shares during the last quarter. Resolution Capital Ltd lifted its position in shares of Federal Realty Investment Trust by 10.3% during 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 purchasing an additional 340,524 shares during the last quarter. Invesco Ltd. lifted its position in shares of Federal Realty Investment Trust by 2.7% during the fourth quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust’s stock worth $275,466,000 after purchasing an additional 72,718 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Federal Realty Investment Trust by 1.1% during 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 purchasing an additional 23,214 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.
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.
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