328,981 Shares in Federal Realty Investment Trust $FRT Bought by Strs Ohio

by · The Markets Daily

Strs Ohio bought a new position in Federal Realty Investment Trust (NYSE:FRT – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 328,981 shares of the real estate investment trust’s stock, valued at approximately $32,181,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in Federal Realty Investment Trust by 0.6% in the first quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust’s stock worth $15,205,000 after acquiring an additional 917 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Federal Realty Investment Trust by 10.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust’s stock worth $697,000 after acquiring an additional 674 shares in the last quarter. KBC Group NV grew its position in Federal Realty Investment Trust by 5.6% in the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 151 shares in the last quarter. Amalgamated Bank grew its position in Federal Realty Investment Trust by 1.0% in the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock worth $1,495,000 after acquiring an additional 146 shares in the last quarter. Finally, New York State Common Retirement Fund grew its position in Federal Realty Investment Trust by 3.1% in the first quarter. New York State Common Retirement Fund now owns 60,214 shares of the real estate investment trust’s stock worth $5,890,000 after acquiring an additional 1,800 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $101.86 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average of $95.96 and a 200-day moving average of $95.78. The firm has a market cap of $8.79 billion, a P/E ratio of 25.79, a P/E/G ratio of 3.84 and a beta of 1.16. 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 – Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.18. The company had revenue of $302.48 million during the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. Federal Realty Investment Trust’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.69 earnings per share. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.43%.

Analyst Ratings Changes

FRT has been the subject of several analyst reports. Evercore ISI cut their price target on shares of Federal Realty Investment Trust from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. BMO Capital Markets restated an “outperform” rating and set a $110.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Barclays cut their price target on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, August 27th. Piper Sandler cut their price target on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average price target of $109.31.

Read Our Latest Stock Report on FRT

Federal Realty Investment Trust Company Profile

(Free Report)

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.

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