Federal Realty Investment Trust
FRT (NYSE)
Federal Realty Investment Trust is a retail REIT renowned for its high-quality shopping centers situated in major metropolitan areas, showcasing impressive net operating income growth and double-digit re-leasing spreads. With a dividend yield of 4.50%, it stands out as a solid choice for long-term investors seeking reliable income, despite a recent 1-year return of -1.38%. Analysts have assigned a B+ rating, with a median 12-month price target of $109, indicating positive sentiment about its future performance.
Pros:
- Strong NOI growth
- High-quality shopping centers
Cons:
- Market dependence
- Potential economic downturn risks
Federal Realty Investment Trust (FRT) may be suitable for long-term investors looking for a steady income stream, given its attractive dividend yield of 4.50% and strong historical performance over the past five years. However, potential investors should weigh the recent underperformance in the short term against its overall stability and growth prospects in the retail sector.