Texas Permanent School Fund Has $899,000 Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Texas Permanent School Fund grew its holdings in Federal Realty Investment Trust (NYSE:FRTGet Rating) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,395 shares of the real estate investment trust’s stock after buying an additional 217 shares during the quarter. Texas Permanent School Fund’s holdings in Federal Realty Investment Trust were worth $899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in shares of Federal Realty Investment Trust by 237.0% in the first quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 237 shares in the last quarter. Baldwin Brothers LLC MA bought a new position in Federal Realty Investment Trust in the second quarter valued at about $34,000. Parkside Financial Bank & Trust bought a new position in Federal Realty Investment Trust in the first quarter valued at about $60,000. Ellis Investment Partners LLC bought a new position in Federal Realty Investment Trust in the first quarter valued at about $99,000. Finally, Sandy Spring Bank boosted its holdings in Federal Realty Investment Trust by 750.0% in the first quarter. Sandy Spring Bank now owns 850 shares of the real estate investment trust’s stock valued at $104,000 after acquiring an additional 750 shares during the last quarter. 84.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FRT. Piper Sandler decreased their price target on Federal Realty Investment Trust from $125.00 to $115.00 and set an “overweight” rating on the stock in a report on Friday, October 7th. UBS Group decreased their price target on Federal Realty Investment Trust from $126.00 to $108.00 and set a “neutral” rating on the stock in a report on Monday, July 25th. Truist Financial reduced their target price on Federal Realty Investment Trust from $125.00 to $120.00 in a report on Monday, August 22nd. Mizuho reduced their target price on Federal Realty Investment Trust from $125.00 to $109.00 and set a “buy” rating on the stock in a report on Friday, November 11th. Finally, Bank of America upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $130.00 in a report on Tuesday, August 9th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus target price of $121.13.

Federal Realty Investment Trust Trading Up 0.8 %

NYSE:FRT opened at $108.41 on Monday. Federal Realty Investment Trust has a fifty-two week low of $86.43 and a fifty-two week high of $140.51. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $8.80 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.42 and a beta of 1.13. The business’s 50-day simple moving average is $96.71 and its 200-day simple moving average is $102.06.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Friday, December 30th. Federal Realty Investment Trust’s dividend payout ratio is presently 91.72%.

About Federal Realty Investment Trust

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRTGet Rating).

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

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.