Louisiana State Employees Retirement System Trims Position in Federal Realty Investment Trust (NYSE:FRT)

Louisiana State Employees Retirement System lessened its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,100 shares of the real estate investment trust’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Federal Realty Investment Trust were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after purchasing an additional 168,885 shares during the period. Geode Capital Management LLC grew its position in shares of Federal Realty Investment Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,956,097 shares of the real estate investment trust’s stock worth $224,565,000 after buying an additional 7,160 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Federal Realty Investment Trust by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,247,915 shares of the real estate investment trust’s stock worth $143,473,000 after buying an additional 42,209 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of Federal Realty Investment Trust by 1,463.8% during the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock worth $70,251,000 after buying an additional 572,008 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Federal Realty Investment Trust by 456.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock worth $69,544,000 after buying an additional 496,129 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Scotiabank boosted their price objective on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Stifel Nicolaus cut their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.23.

Federal Realty Investment Trust Stock Up 0.4 %

Shares of NYSE:FRT opened at $105.12 on Thursday. The stock’s 50-day moving average price is $108.58 and its two-hundred day moving average price is $111.97. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 2.22 and a beta of 1.24. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. The company had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.19%. Federal Realty Investment Trust’s payout ratio is currently 128.28%.

Federal Realty Investment Trust 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.