Police & Firemen s Retirement System of New Jersey Boosts Position in Federal Realty Investment Trust $FRT

Police & Firemen s Retirement System of New Jersey raised its position in Federal Realty Investment Trust (NYSE:FRT) by 7.6% during the second quarter, Holdings Channel reports. The fund owned 32,603 shares of the real estate investment trust’s stock after acquiring an additional 2,294 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Federal Realty Investment Trust were worth $3,097,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 2.1% in the second quarter. Geode Capital Management LLC now owns 2,167,533 shares of the real estate investment trust’s stock worth $205,527,000 after buying an additional 44,245 shares during the last quarter. ProShare Advisors LLC raised its position in Federal Realty Investment Trust by 4.9% in the second quarter. ProShare Advisors LLC now owns 1,700,731 shares of the real estate investment trust’s stock worth $161,552,000 after acquiring an additional 80,131 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Federal Realty Investment Trust by 1.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,302,823 shares of the real estate investment trust’s stock worth $127,442,000 after acquiring an additional 17,634 shares during the last quarter. Northern Trust Corp grew its position in shares of Federal Realty Investment Trust by 3.6% during the 1st quarter. Northern Trust Corp now owns 1,279,688 shares of the real estate investment trust’s stock valued at $125,179,000 after acquiring an additional 44,935 shares during the period. Finally, PGGM Investments grew its position in shares of Federal Realty Investment Trust by 23.7% during the 2nd quarter. PGGM Investments now owns 1,245,342 shares of the real estate investment trust’s stock valued at $118,295,000 after acquiring an additional 238,679 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $95.93 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a twelve month low of $80.65 and a twelve month high of $118.09. The business has a 50-day moving average price of $98.64 and a 200-day moving average price of $96.64. The firm has a market cap of $8.28 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.01. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The company had revenue of $321.97 million for the quarter, compared to the consensus estimate of $318.73 million. During the same quarter last year, the company earned $1.71 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. As a group, equities research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Friday, January 2nd will be given a dividend of $1.13 per share. The ex-dividend date is Friday, January 2nd. This represents a $4.52 annualized dividend and a dividend yield of 4.7%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 114.72%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft set a $105.00 target price on Federal Realty Investment Trust and gave the company a “hold” rating in a research report on Tuesday, October 7th. LADENBURG THALM/SH SH raised Federal Realty Investment Trust to a “strong-buy” rating in a research report on Tuesday, September 9th. Stifel Nicolaus set a $104.50 price objective on Federal Realty Investment Trust in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.46.

Federal Realty Investment Trust Company 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.