5 Best Stocks for Dividends

2. Federal Realty Investment Trust (NYSE:FRT)

Dividend Yield as of September 27: 4.91%

Federal Realty Investment Trust (NYSE:FRT) is an American real estate investment trust company that mainly invests in shopping centers. On August 4, the company announced a 1% hike in its quarterly dividend to $1.08 per share. This was the company’s 55th consecutive year of dividend growth, the longest dividend growth track record in the REIT sector. As of September 27, the stock’s dividend yield came in at 4.91%.

In Q2 2022, Federal Realty Investment Trust (NYSE:FRT) generated over $157.4 million in operating cash flow, up from $103 million in the previous quarter. The company’s free cash flow came in at $48 million, compared with $18 million in the preceding quarter. Its revenue was $264 million, which showed a 14% growth from the same period last year.

In August, BofA upgraded Federal Realty Investment Trust (NYSE:FRT) to Buy while lifting its price target on the stock to $130. The firm believes that the company has reached an inflection point to deliver future growth as pandemic-related hindrances are removed.

At the end of Q2 2022, 24 hedge funds tracked by Insider Monkey were bullish on Federal Realty Investment Trust (NYSE:FRT), up from 23 in the previous quarter. The stakes owned by these hedge funds have a total value of roughly $200 million.