California Public Employees Retirement System Sells 4,729 Shares of Federal Realty Investment Trust (NYSE:FRT)

California Public Employees Retirement System trimmed its position in Federal Realty Investment Trust (NYSE:FRT) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 148,858 shares of the real estate investment trust’s stock after selling 4,729 shares during the quarter. California Public Employees Retirement System’s holdings in Federal Realty Investment Trust were worth $16,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in 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 valued at $561,743,000 after acquiring an additional 168,885 shares during the period. Vert Asset Management LLC grew its position in Federal Realty Investment Trust by 12.3% in the 4th 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. Principal Financial Group Inc. increased its stake in Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after purchasing an additional 7,501 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 worth $159,000 after buying an additional 175 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of Federal Realty Investment Trust by 45.3% in the third quarter. Sanctuary Advisors LLC now owns 3,244 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 1,012 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Down 4.0 %

Federal Realty Investment Trust stock opened at $88.98 on Friday. The firm has a 50 day moving average price of $102.73 and a 200-day moving average price of $108.68. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a twelve month low of $88.71 and a twelve month high of $118.34. The company has a market capitalization of $7.62 billion, a P/E ratio of 25.94, a P/E/G ratio of 2.20 and a beta of 1.27.

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, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The business had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. As a group, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.95%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 128.28%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FRT. Raymond James lowered their target price on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. JPMorgan Chase & Co. cut their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Citigroup reissued a “neutral” rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday, March 28th. Finally, Scotiabank cut their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average target price of $116.62.

Federal Realty Investment Trust 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.