Dividend Kings and Aristocrats List: 32 Biggest Stocks

29. Federal Realty Investment Trust (NYSE:FRT)

Market Cap as of March 24: $8.9 Billion

On March 24, Scotiabank analyst Nicholas Yulico raised the firm’s price recommendation on Federal Realty Investment Trust (NYSE:FRT) to $118 from $113. It reiterated an Outperform rating on the shares. The analyst said the firm is updating its price targets for U.S. retail REITs under coverage. Management teams, in his view, seem to be building in deliberate conservatism into their initial 2026 same-store net operating income guidance. That could set up room for outperformance as the year plays out.

A day earlier, on March 23, Truist also adjusted its view. The firm lifted its price target on Federal Realty to $112 from $111 and maintained a Hold rating. The update came as part of a broader research note on REITs.The analyst said the firm is revising its models based on fourth-quarter results, revenue growth trends, and updated expense assumptions.

Federal Realty Investment Trust (NYSE:FRT) operates as an equity REIT. The company focuses on owning, operating, and redeveloping retail-focused properties. Its portfolio is largely concentrated in major coastal markets, along with select underserved areas that show strong economic and demographic fundamentals.