New York State Common Retirement Fund Sells 406 Shares of Federal Realty Investment Trust (NYSE:FRT)

New York State Common Retirement Fund reduced its holdings in Federal Realty Investment Trust (NYSE:FRT) by 0.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 58,414 shares of the real estate investment trust’s stock after selling 406 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of Federal Realty Investment Trust worth $6,539,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in Federal Realty Investment Trust in the third quarter valued at approximately $36,000. Venturi Wealth Management LLC lifted its position in shares of Federal Realty Investment Trust by 244.9% in the 4th quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 333 shares during the period. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Federal Realty Investment Trust by 11.5% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 137 shares during the last quarter. Blue Trust Inc. increased its position in shares of Federal Realty Investment Trust by 14.5% during the fourth quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 175 shares during the period. Finally, National Bank of Canada FI raised its stake in Federal Realty Investment Trust by 6,700.0% during the third quarter. National Bank of Canada FI now owns 1,700 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 1,675 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT opened at $104.85 on Thursday. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 2.20 and a beta of 1.24. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. The firm’s 50-day simple moving average is $107.75 and its 200 day simple moving average is $111.72.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $311.85 million. As a group, research analysts anticipate that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.20%. Federal Realty Investment Trust’s payout ratio is 128.28%.

Analyst Ratings Changes

FRT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their price target for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Wells Fargo & Company decreased their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Scotiabank raised their price objective on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Finally, Stifel Nicolaus dropped their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average price target of $122.54.

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.