Federal Realty Investment Trust
While real estate has been hit by rising interest rates, demand is still growing and hard assets are good in inflationary times. Federal Realty Investment Trust (NYSE: FRT) is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Boston to Washington, as well as San Francisco and Los Angeles.
Federal Realty’s mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland, and Assembly Row in Somerville, Massachusetts.
Federal Realty’s 102 properties include approximately 3,200 tenants in 26 million square feet and over 3,100 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 55 consecutive years, the longest record in the REIT industry.
Unitholders receive a 4.20% distribution. Federal Realty Investment Trust stock has a $119 price target at Barclays. The consensus target is $109.80, and shares closed on Thursday at $100.57.
Franklin Resources
This mutual fund powerhouse continues to grow its huge asset base. Franklin Resources Inc. (NYSE: BEN) is among the largest and most global investment managers. At times, 50% of its sales are from outside the United States, an advantage given a maturing U.S. market.
Franklin Resources offers its products and services under the brands of Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2, LibertyShares and Edinburgh Partners.
The 2023 bull market has proven to be a solid tailwind for the stock, and while withdrawals from baby boomers may be a concern, the path forward looks solid.
Investors receive a 4.2% dividend. Deutsche Bank’s $29 price target accompanies a Hold rating. The consensus target is $25.05, but Franklin Resources stock closed at $28.41 on Thursday.
Any company that has paid shareholders dividends for 25 years or more is the epitome of safe and dependable. Toss in the fact that all these outstanding stocks have support from top Wall Street analysts, making them good ideas for nervous investors. In these turbulent times, the adage of “better safe than sorry” offers words to live by for sure, especially given the multitude of events and situations that are threatening a stock market that ran way past its intrinsic value some time ago.
Originally published at 24/7 Wall St.
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