California Public Employees Retirement System Raises Position in Federal Realty Investment Trust (FRT)

California Public Employees Retirement System boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,437 shares of the real estate investment trust’s stock after buying an additional 5,519 shares during the quarter. California Public Employees Retirement System owned approximately 0.23% of Federal Realty Investment Trust worth $20,797,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FRT. Advisor Group Inc. grew its holdings in Federal Realty Investment Trust by 27.4% in the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 297 shares during the last quarter. Global X Management Co. LLC grew its holdings in Federal Realty Investment Trust by 16.0% in the second quarter. Global X Management Co. LLC now owns 1,444 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 199 shares during the last quarter. Advisor Partners LLC purchased a new position in Federal Realty Investment Trust in the third quarter worth $203,000. Magnetar Financial LLC purchased a new position in Federal Realty Investment Trust in the third quarter worth $207,000. Finally, Timber Hill LLC purchased a new position in Federal Realty Investment Trust in the third quarter worth $215,000. 94.42% of the stock is currently owned by institutional investors.

FRT has been the topic of several analyst reports. UBS raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $141.00 in a report on Thursday, November 9th. BMO Capital Markets initiated coverage on shares of Federal Realty Investment Trust in a report on Monday, September 11th. They issued an “outperform” rating and a $145.00 price target on the stock. Boenning Scattergood reaffirmed a “buy” rating and issued a $140.00 price target on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Mizuho reaffirmed a “buy” rating and issued a $142.00 price target on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Finally, Jefferies Group cut their price target on shares of Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $140.82.

Shares of Federal Realty Investment Trust (FRT) opened at $129.32 on Friday. The firm has a market cap of $9,468.82, a price-to-earnings ratio of 22.16, a PEG ratio of 3.68 and a beta of 0.34. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.27. Federal Realty Investment Trust has a 1-year low of $119.37 and a 1-year high of $145.80.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.03. The firm had revenue of $217.95 million for the quarter, compared to analyst estimates of $213.63 million. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 earnings per share. analysts predict that Federal Realty Investment Trust will post 5.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 97.56%.

In other news, CEO Donald C. Wood sold 9,900 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $132.44, for a total transaction of $1,311,156.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

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Federal Realty Investment Trust Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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