New York State Common Retirement Fund Acquires 1,800 Shares of Federal Realty Investment Trust (NYSE:FRT)

New York State Common Retirement Fund lifted its holdings in Federal Realty Investment Trust (NYSE:FRT) by 3.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 60,214 shares of the real estate investment trust’s stock after acquiring an additional 1,800 shares during the quarter. New York State Common Retirement Fund owned 0.07% of Federal Realty Investment Trust worth $5,890,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Federal Realty Investment Trust in the 4th quarter worth $810,544,000. Centersquare Investment Management LLC boosted its position in Federal Realty Investment Trust by 935.8% during the fourth quarter. Centersquare Investment Management LLC now owns 1,042,016 shares of the real estate investment trust’s stock valued at $116,654,000 after buying an additional 941,414 shares during the period. Invesco Ltd. grew its stake in shares of Federal Realty Investment Trust by 41.4% during the fourth quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust’s stock valued at $341,833,000 after buying an additional 893,258 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Federal Realty Investment Trust by 73.4% in the fourth quarter. Northern Trust Corp now owns 1,234,753 shares of the real estate investment trust’s stock worth $138,231,000 after buying an additional 522,531 shares during the period. Finally, Resolution Capital Ltd lifted its stake in shares of Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust’s stock valued at $394,417,000 after acquiring an additional 389,266 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

FRT has been the topic of several recent research reports. Raymond James Financial reduced their price target on Federal Realty Investment Trust from $117.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, May 23rd. Scotiabank restated an “outperform” rating on shares of Federal Realty Investment Trust in a report on Wednesday, May 21st. UBS Group decreased their target price on shares of Federal Realty Investment Trust from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Monday, June 16th. Wall Street Zen cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Saturday, July 12th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $110.00 price target on shares of Federal Realty Investment Trust in a report on Monday, May 26th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Hold” and a consensus price target of $111.29.

Federal Realty Investment Trust Stock Down 0.5%

NYSE:FRT opened at $94.62 on Monday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.72 and a quick ratio of 1.72. The firm’s 50-day moving average price is $95.33 and its 200-day moving average price is $98.47. The company has a market capitalization of $8.12 billion, a PE ratio of 27.11, a P/E/G ratio of 3.78 and a beta of 1.09. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The business had revenue of $302.29 million for the quarter, compared to analysts’ expectations of $307.55 million. During the same quarter in the prior year, the company earned $1.64 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. On average, equities analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.65%. Federal Realty Investment Trust’s dividend payout ratio is currently 126.07%.

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.