Federal Realty Investment Trust (FRT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in Federal Realty Investment Trust (NYSE:FRT) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,140 shares of the real estate investment trust’s stock after selling 1,238 shares during the period. Public Employees Retirement System of Ohio owned 0.16% of Federal Realty Investment Trust worth $14,300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FRT. Teachers Advisors LLC raised its position in shares of Federal Realty Investment Trust by 15.8% in the 1st quarter. Teachers Advisors LLC now owns 522,054 shares of the real estate investment trust’s stock worth $69,694,000 after acquiring an additional 71,397 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in Federal Realty Investment Trust by 1.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 32,055 shares of the real estate investment trust’s stock worth $4,279,000 after buying an additional 390 shares during the last quarter. Global X Management Co. LLC grew its stake in Federal Realty Investment Trust by 30.6% during the 1st 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 last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Federal Realty Investment Trust by 8.0% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,421 shares of the real estate investment trust’s stock worth $724,000 after buying an additional 400 shares during the last quarter. Finally, UBS Group AG grew its stake in Federal Realty Investment Trust by 540.5% during the 1st quarter. UBS Group AG now owns 57,845 shares of the real estate investment trust’s stock worth $7,723,000 after buying an additional 48,814 shares during the last quarter. 93.36% of the stock is owned by hedge funds and other institutional investors.

Several analysts have weighed in on FRT shares. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and set a $136.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. BMO Capital Markets started coverage on Federal Realty Investment Trust in a research note on Monday, September 11th. They issued an “outperform” rating and a $145.00 target price on the stock. Finally, Bank of America Corporation upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $146.00 in a research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Federal Realty Investment Trust has a consensus rating of “Buy” and an average target price of $140.25.

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Federal Realty Investment Trust (NYSE:FRT) traded down 0.03% during midday trading on Friday, hitting $121.69. The stock had a trading volume of 144,232 shares. The stock has a 50-day moving average price of $126.76 and a 200 day moving average price of $128.37. Federal Realty Investment Trust has a 12-month low of $119.54 and a 12-month high of $146.08. The firm has a market cap of $8.79 billion, a P/E ratio of 35.24 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $208.00 million for the quarter, compared to analyst estimates of $208.33 million. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. Federal Realty Investment Trust’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.42 EPS. On average, equities analysts anticipate that Federal Realty Investment Trust will post $3.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 22nd were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.29%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Thursday, September 21st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 115.94%.

In other news, EVP Dawn M. Becker sold 2,281 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total transaction of $303,487.05. Following the sale, the executive vice president now directly owns 123,744 shares in the company, valued at approximately $16,464,139.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total transaction of $368,842.32. The disclosure for this sale can be found here. Insiders sold a total of 57,495 shares of company stock worth $7,538,395 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Profile

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.

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

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