Federal Realty Investment Trust (FRT) Stake Lifted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in Federal Realty Investment Trust (NYSE:FRT) by 14.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,800 shares of the real estate investment trust’s stock after purchasing an additional 13,000 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.14% of Federal Realty Investment Trust worth $13,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Krueger & Catalano Capital Partners LLC acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at about $226,000. Bank of Montreal Can lifted its stake in shares of Federal Realty Investment Trust by 176.9% in the 3rd quarter. Bank of Montreal Can now owns 109,058 shares of the real estate investment trust’s stock valued at $13,792,000 after purchasing an additional 69,675 shares during the period. Contravisory Investment Management Inc. acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at about $306,000. Smith Shellnut Wilson LLC ADV acquired a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at about $288,000. Finally, Royal London Asset Management Ltd. acquired a new position in shares of Federal Realty Investment Trust in the 2nd quarter valued at about $3,625,000. 91.92% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on FRT. DA Davidson raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating in a research note on Monday, June 25th. They noted that the move was a valuation call. SunTrust Banks raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, June 25th. ValuEngine downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Stifel Nicolaus boosted their price objective on Federal Realty Investment Trust from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Finally, Scotiabank began coverage on Federal Realty Investment Trust in a research note on Tuesday, October 16th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Federal Realty Investment Trust currently has a consensus rating of “Buy” and a consensus target price of $137.54.

Shares of Federal Realty Investment Trust stock opened at $122.90 on Friday. Federal Realty Investment Trust has a one year low of $106.41 and a one year high of $134.52. The stock has a market capitalization of $9.03 billion, a P/E ratio of 20.35, a PEG ratio of 3.31 and a beta of 0.17. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.32 and a quick ratio of 1.32.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Federal Realty Investment Trust had a return on equity of 12.76% and a net margin of 31.64%. The business had revenue of $224.90 million during the quarter, compared to analyst estimates of $223.56 million. During the same period in the previous year, the company posted $1.49 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Analysts expect that Federal Realty Investment Trust will post 6.19 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 21st were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 3.32%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Thursday, September 20th. Federal Realty Investment Trust’s payout ratio is presently 69.04%.

About Federal Realty Investment Trust

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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