Federal Realty Investment Trust (NYSE:FRT) Holdings Cut by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in Federal Realty Investment Trust (NYSE:FRT) by 33.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,148 shares of the real estate investment trust’s stock after selling 31,132 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.07% of Federal Realty Investment Trust worth $6,174,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in Federal Realty Investment Trust during the second quarter worth approximately $33,000. Blue Trust Inc. boosted its stake in Federal Realty Investment Trust by 885.7% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 310 shares during the period. Tidemark LLC acquired a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at $40,000. Rothschild Investment LLC acquired a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at $42,000. Finally, Quarry LP acquired a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at $50,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.0 %

FRT opened at $117.39 on Monday. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $117.65. The company has a 50-day simple moving average of $111.82 and a 200 day simple moving average of $104.69. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 41.78, a P/E/G ratio of 2.20 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The company had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. During the same period last year, the company posted $1.67 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Analysts predict that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s dividend payout ratio is currently 155.16%.

Analyst Ratings Changes

A number of research firms have recently weighed in on FRT. Scotiabank raised their price target on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a report on Monday, August 26th. JPMorgan Chase & Co. increased their price target on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Truist Financial raised their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Raymond James increased their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Finally, Piper Sandler increased their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average target price of $122.62.

Insider Transactions at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at approximately $771,020.29. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Company Profile

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 communities where retail demand exceeds supply.