Stifel Lifts Federal Realty (FRT) Target After $170M Asset Sale

Federal Realty Investment Trust (NYSE:FRT) is included among the 14 Best Dividend Aristocrats to Invest in Heading into 2026.

On December 18, Stifel analyst Simon Yarmak raised the firm’s price target on Federal Realty Investment Trust (NYSE:FRT) to $109.50 from $104.50 and kept a Hold rating on the shares. The update followed Federal Realty’s announcement that it sold Pallas at Pike & Rose and Bristol Plaza for a combined $170 million. The firm said it adjusted estimates after the sale. The transaction capped a busy stretch for the company. Earlier this month, Federal Realty announced the acquisition of Village Pointe. That deal came on the heels of a July announcement confirming the completion of its purchase of Town Center Plaza and Town Center Crossing in Leawood, Kansas. The analyst pointed to this steady pace of activity in a research note to investors.

Federal Realty Investment Trust (NYSE:FRT) has long leaned toward quality over quantity. That approach shows up in the areas surrounding its properties. Population density tends to be higher, and household incomes also run above peer averages. In simple terms, retailers want to be there, and shoppers keep coming back. By the end of the third quarter of 2025, the company owned 103 properties. Those assets included about 3,600 tenants spread across 27.9 million commercial square feet, along with roughly 3,000 residential units.

Development and redevelopment remain central to the strategy. Many of the shopping centers it owns lead their local markets because the company consistently reinvests capital to keep them relevant. The portfolio is actively managed as well. Management is willing to sell when an asset has delivered most of what it can, and a strong offer appears. Proceeds from those sales are then redeployed into properties with room to grow. It is a cycle the company has repeated for decades, steadily compounding value along the way. That discipline has supported a long record of shareholder returns. Federal Realty Investment Trust (NYSE:FRT) has raised its payout for 58 consecutive years.

Federal Realty Investment Trust (NYSE:FRT) is widely viewed as a leader in owning, operating, and redeveloping high-quality retail-focused properties. Its portfolio is concentrated in major coastal markets and select underserved regions where economic and demographic trends remain supportive.

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