Federal Realty Investment Trust (NYSE:FRT) Shares Purchased by Strs Ohio

Strs Ohio increased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 32.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,781 shares of the real estate investment trust’s stock after acquiring an additional 33,700 shares during the quarter. Strs Ohio owned approximately 0.17% of Federal Realty Investment Trust worth $14,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Federal Realty Investment Trust by 1.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 183,256 shares of the real estate investment trust’s stock valued at $18,885,000 after acquiring an additional 3,360 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at about $959,000. Louisiana State Employees Retirement System acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at about $453,000. Sandy Spring Bank boosted its position in shares of Federal Realty Investment Trust by 13.1% during the 4th quarter. Sandy Spring Bank now owns 3,870 shares of the real estate investment trust’s stock valued at $399,000 after acquiring an additional 449 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at about $945,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Down 1.6 %

Shares of NYSE:FRT opened at $96.47 on Wednesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.64 and a quick ratio of 2.64. The firm has a market capitalization of $8.00 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 2.78 and a beta of 1.21. The firm’s 50-day moving average is $100.34 and its two-hundred day moving average is $97.99. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $292.05 million. During the same period in the prior year, the firm posted $1.58 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio is presently 155.71%.

Analyst Ratings Changes

FRT has been the topic of several research analyst reports. Wells Fargo & Company upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $110.00 to $112.00 in a report on Thursday, February 29th. Bank of America boosted their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a report on Friday, April 5th. Truist Financial restated a “buy” rating and issued a $117.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Barclays boosted their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Finally, Scotiabank reduced their price objective on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $112.60.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.