Federal Realty Investment Trust (NYSE:FRT) Hits New 1-Year High - Still a Buy?

Key Points

• Federal Realty reached a new 52-week high near $111.50 (last around $111.64) and carries an average analyst rating of Moderate Buy with a mean price target of $112.43 (Scotiabank raised its target to $118).
• The REIT reported quarterly EPS of $1.48, missing estimates of $1.86 while revenue rose 7.8%, and it set FY2026 guidance of 7.420–7.520 EPS versus analysts' 7.15 forecast.
• Federal Realty pays a quarterly dividend of $1.13 (annualized $4.52, ~4.0% yield) but has a high payout ratio of about 96.8%, and institutional ownership is substantial with Norges Bank making a large new stake (~$734M).

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $111.50 and last traded at $111.6380, with a volume of 86892 shares. The stock had previously closed at $110.04.

Analyst Ratings Changes

Several research firms recently commented on FRT. Scotiabank raised their target price on Federal Realty Investment Trust from $113.00 to $118.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, March 24th. Mizuho set a $105.00 target price on shares of Federal Realty Investment Trust in a research report on Friday, January 9th. Wall Street Zen raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Saturday, December 27th. UBS Group set a $113.00 price objective on shares of Federal Realty Investment Trust in a report on Wednesday, January 14th. Finally, Evercore set a $107.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust currently has an average rating of "Moderate Buy" and an average price target of $112.43.

Federal Realty Investment Trust Price Performance

The firm has a market capitalization of $9.69 billion, a PE ratio of 24.01, a price-to-earnings-growth ratio of 4.82 and a beta of 0.98. The business has a 50-day moving average of $106.77 and a 200 day moving average of $102.00. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.57.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.86 by ($0.38). The firm had revenue of $336.05 million for the quarter, compared to analysts' expectations of $327.65 million. Federal Realty Investment Trust had a return on equity of 13.10% and a net margin of 32.14%.The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. Federal Realty Investment Trust has set its FY 2026 guidance at 7.420-7.520 EPS. As a group, research analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st were paid a $1.13 dividend. The ex-dividend date was Wednesday, April 1st. This represents a $4.52 annualized dividend and a dividend yield of 4.0%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 96.79%.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors have recently made changes to their positions in FRT. Norges Bank purchased a new stake in Federal Realty Investment Trust in the fourth quarter valued at approximately $734,290,000. State Street Corp raised its stake in Federal Realty Investment Trust by 1.4% in the third quarter. State Street Corp now owns 6,668,743 shares of the real estate investment trust's stock valued at $675,610,000 after purchasing an additional 90,127 shares in the last quarter. Resolution Capital Ltd raised its stake in Federal Realty Investment Trust by 11.8% in the second quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust's stock valued at $310,109,000 after purchasing an additional 344,189 shares in the last quarter. Invesco Ltd. grew its position in Federal Realty Investment Trust by 2.7% in the fourth quarter. Invesco Ltd. now owns 2,732,796 shares of the real estate investment trust's stock worth $275,466,000 after acquiring an additional 72,718 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Federal Realty Investment Trust by 1.1% in 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 acquiring an additional 23,214 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company's stock.

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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