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

California Public Employees Retirement System reduced its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,858 shares of the real estate investment trust’s stock after selling 4,729 shares during the period. California Public Employees Retirement System owned approximately 0.18% of Federal Realty Investment Trust worth $16,665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in shares of Federal Realty Investment Trust by 47.0% during the third quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust’s stock worth $504,000 after buying an additional 1,401 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Federal Realty Investment Trust by 5.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 48,522 shares of the real estate investment trust’s stock worth $5,579,000 after purchasing an additional 2,383 shares in the last quarter. FMR LLC boosted its holdings in Federal Realty Investment Trust by 667.2% in the 3rd quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after purchasing an additional 498,146 shares during the period. Public Sector Pension Investment Board grew its position in shares of Federal Realty Investment Trust by 4.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 13,115 shares of the real estate investment trust’s stock worth $1,508,000 after purchasing an additional 500 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Federal Realty Investment Trust during the third quarter worth approximately $241,000. 93.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FRT. Wells Fargo & Company reduced their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Truist Financial downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $114.00 to $105.00 in a research note on Thursday, March 13th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Scotiabank dropped their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.62.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $88.98 on Friday. The business’s 50-day moving average price is $102.73 and its 200-day moving average price is $108.68. Federal Realty Investment Trust has a 12 month low of $88.71 and a 12 month high of $118.34. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 25.94, a PEG ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share 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 company had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. Equities research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

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

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.