VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Federal Realty Investment Trust $FRT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Federal Realty Investment Trust (NYSE:FRT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,900 shares of the real estate investment trust’s stock, valued at approximately $3,030,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Chevy Chase Trust Holdings LLC raised its stake in shares of Federal Realty Investment Trust by 1.4% in the second quarter. Chevy Chase Trust Holdings LLC now owns 41,665 shares of the real estate investment trust’s stock worth $3,958,000 after purchasing an additional 563 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Federal Realty Investment Trust by 0.3% during the second quarter. Nordea Investment Management AB now owns 157,570 shares of the real estate investment trust’s stock valued at $14,862,000 after acquiring an additional 467 shares during the last quarter. TD Asset Management Inc increased its position in shares of Federal Realty Investment Trust by 3.5% during the second quarter. TD Asset Management Inc now owns 14,008 shares of the real estate investment trust’s stock valued at $1,331,000 after acquiring an additional 480 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Federal Realty Investment Trust during the second quarter valued at approximately $48,000. Finally, Morningstar Investment Management LLC purchased a new stake in Federal Realty Investment Trust in the second quarter worth $568,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Up 0.6%

FRT opened at $99.57 on Tuesday. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.09. The business has a 50 day simple moving average of $98.78 and a two-hundred day simple moving average of $95.77. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 3.91 and a beta of 1.15.

Federal Realty Investment Trust (NYSE:FRT) 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. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The firm had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. During the same quarter in the prior year, the business earned $1.69 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts predict 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 was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st were issued a dividend of $1.13 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, October 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.5%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 114.43%.

Analysts Set New Price Targets

A number of analysts have issued reports on FRT shares. Scotiabank raised their target price on Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. LADENBURG THALM/SH SH raised Federal Realty Investment Trust to a “strong-buy” rating in a research note on Tuesday, September 9th. Wells Fargo & Company lifted their price objective on Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Mizuho lifted their price target on Federal Realty Investment Trust from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $109.50.

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.