State of New Jersey Common Pension Fund D Acquires 10,319 Shares of Federal Realty Investment Trust (NYSE:FRT)

State of New Jersey Common Pension Fund D boosted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 16.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,467 shares of the real estate investment trust’s stock after buying an additional 10,319 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.09% of Federal Realty Investment Trust worth $8,001,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Federal Realty Investment Trust by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after buying an additional 168,885 shares during the period. Principal Financial Group Inc. increased its position in Federal Realty Investment Trust by 8.7% in the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after buying an additional 7,501 shares during the period. Meridian Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $1,322,000. Vert Asset Management LLC increased its position in shares of Federal Realty Investment Trust by 12.3% during the fourth quarter. Vert Asset Management LLC now owns 33,024 shares of the real estate investment trust’s stock valued at $3,697,000 after purchasing an additional 3,617 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Federal Realty Investment Trust by 14.5% during the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 175 shares during the period. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock opened at $104.92 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $8.70 billion, a P/E ratio of 30.50, a P/E/G ratio of 2.34 and a beta of 1.24. The business’s fifty day moving average is $108.88 and its two-hundred day moving average is $112.07. Federal Realty Investment Trust has a 52 week low of $95.97 and a 52 week high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. The company had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a return on equity of 10.01% and a net margin of 24.67%. Equities research analysts forecast that Federal Realty Investment Trust will post 6.77 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 128.28%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered their price objective on 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. Scotiabank boosted their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Wells Fargo & Company lowered their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Finally, Raymond James lowered their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.23.

Federal Realty Investment Trust Company Profile

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.