Federal Realty Investment Trust (NYSE:FRT) Stake Increased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 42.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,720 shares of the real estate investment trust’s stock after acquiring an additional 12,927 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Federal Realty Investment Trust worth $4,894,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Federal Realty Investment Trust by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after acquiring an additional 168,885 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in shares of Federal Realty Investment Trust in the third quarter worth $1,322,000. Vert Asset Management LLC increased its stake in shares of Federal Realty Investment Trust by 12.3% in the fourth quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock worth $3,697,000 after acquiring an additional 3,617 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Federal Realty Investment Trust by 8.7% in the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after acquiring an additional 7,501 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Federal Realty Investment Trust by 14.5% in the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 175 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Down 2.3 %

FRT stock opened at $95.03 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. Federal Realty Investment Trust has a 52-week low of $94.58 and a 52-week high of $118.34. The company has a 50-day moving average of $104.47 and a two-hundred day moving average of $110.03. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The company had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. As a group, equities research analysts anticipate that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Tuesday, April 1st. Federal Realty Investment Trust’s payout ratio is presently 128.28%.

Wall Street Analysts Forecast Growth

FRT has been the topic of a number of research reports. Scotiabank dropped their price target on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Truist Financial downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Stifel Nicolaus lowered their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Finally, Mizuho lowered their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $119.77.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.