Arizona State Retirement System Sells 378 Shares of Federal Realty Investment Trust (NYSE:FRT)

Arizona State Retirement System decreased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,511 shares of the real estate investment trust’s stock after selling 378 shares during the quarter. Arizona State Retirement System’s holdings in Federal Realty Investment Trust were worth $2,114,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of Federal Realty Investment Trust during the third quarter valued at approximately $2,465,000. Royal London Asset Management Ltd. raised its position in Federal Realty Investment Trust by 1.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 43,925 shares of the real estate investment trust’s stock valued at $3,982,000 after purchasing an additional 545 shares in the last quarter. FMR LLC raised its position in Federal Realty Investment Trust by 195.8% during the 3rd quarter. FMR LLC now owns 135,818 shares of the real estate investment trust’s stock valued at $12,309,000 after purchasing an additional 89,898 shares in the last quarter. UBS Group AG lifted its holdings in shares of Federal Realty Investment Trust by 4.4% in the 3rd quarter. UBS Group AG now owns 155,823 shares of the real estate investment trust’s stock worth $14,122,000 after buying an additional 6,552 shares during the period. Finally, Glenmede Trust Co. NA bought a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth $314,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FRT has been the subject of a number of research reports. Bank of America upped their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Wells Fargo & Company raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Scotiabank cut 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. Piper Sandler boosted their price objective on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th. Finally, Barclays increased their target price on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average target price of $112.60.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $99.75 on Friday. The company has a 50 day moving average of $100.52 and a two-hundred day moving average of $97.75. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.60. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $107.61. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 2.86 and a beta of 1.21.

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

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 4.37%. The ex-dividend date is Tuesday, March 12th. Federal Realty Investment Trust’s dividend payout ratio is presently 155.71%.

About Federal Realty Investment Trust

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.