Public Employees Retirement System of Ohio Has $15.27 Million Position in Federal Realty Investment Trust (FRT)

Public Employees Retirement System of Ohio raised its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,378 shares of the real estate investment trust’s stock after buying an additional 458 shares during the period. Public Employees Retirement System of Ohio owned 0.16% of Federal Realty Investment Trust worth $15,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Alexandria Capital LLC increased its position in Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 16 shares during the period. Global X Management Co. LLC increased its position in Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 292 shares during the period. IFP Advisors Inc increased its position in Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 4 shares during the period. Pacer Advisors Inc. increased its position in Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 55 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Federal Realty Investment Trust during the fourth quarter worth $214,000. 92.38% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

Shares of Federal Realty Investment Trust (NYSE:FRT) traded up 0.69% on Friday, hitting $125.05. 1,539,540 shares of the stock were exchanged. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 39.27 and a beta of 0.32. Federal Realty Investment Trust has a 1-year low of $120.50 and a 1-year high of $171.08. The stock’s 50-day moving average is $126.54 and its 200-day moving average is $134.95.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.02. The company had revenue of $207.39 million during the quarter, compared to the consensus estimate of $205.96 million. Federal Realty Investment Trust had a net margin of 28.27% and a return on equity of 10.89%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.38 earnings per share. Analysts forecast that Federal Realty Investment Trust will post $3.20 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, June 22nd will be given a dividend of $0.98 per share. The ex-dividend date is Tuesday, June 20th. This represents a $3.92 annualized dividend and a yield of 3.13%. Federal Realty Investment Trust’s payout ratio is currently 123.27%.

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A number of research analysts recently weighed in on FRT shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $156.00 target price (down previously from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. Sandler O’Neill raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Monday, March 13th. BidaskClub raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, Deutsche Bank AG raised their target price on shares of Federal Realty Investment Trust from $139.00 to $140.00 and gave the company a “hold” rating in a research report on Tuesday, March 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $159.63.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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