Kentucky Retirement Systems Insurance Trust Fund Reduces Position in Federal Realty Investment Trust (NYSE:FRT)

Kentucky Retirement Systems Insurance Trust Fund decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 7.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,424 shares of the real estate investment trust’s stock after selling 193 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Federal Realty Investment Trust were worth $248,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in Federal Realty Investment Trust during the fourth quarter worth $743,378,000. Massachusetts Financial Services Co. MA lifted its holdings in Federal Realty Investment Trust by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,355,907 shares of the real estate investment trust’s stock worth $139,726,000 after buying an additional 469,425 shares during the period. Heitman Real Estate Securities LLC lifted its holdings in Federal Realty Investment Trust by 1,553.3% during the fourth quarter. Heitman Real Estate Securities LLC now owns 207,700 shares of the real estate investment trust’s stock worth $21,403,000 after buying an additional 195,137 shares during the period. Vanguard Group Inc. lifted its holdings in Federal Realty Investment Trust by 1.5% during the first quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust’s stock worth $1,300,101,000 after buying an additional 193,740 shares during the period. Finally, Mizuho Markets Americas LLC increased its position in shares of Federal Realty Investment Trust by 311.0% during the first quarter. Mizuho Markets Americas LLC now owns 212,129 shares of the real estate investment trust’s stock worth $21,663,000 after purchasing an additional 160,519 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $109.00 to $110.00 in a research report on Monday, April 22nd. Wells Fargo & Company upped their target price on Federal Realty Investment Trust from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Bank of America upped their target price on Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Scotiabank upped their target price on Federal Realty Investment Trust from $109.00 to $112.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Mizuho upped their target price on Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a “neutral” rating in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

Federal Realty Investment Trust Price Performance

Federal Realty Investment Trust stock traded up $0.72 during mid-day trading on Monday, reaching $110.27. The company had a trading volume of 122,802 shares, compared to its average volume of 588,860. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $111.02. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market capitalization of $9.15 billion, a P/E ratio of 39.24, a P/E/G ratio of 2.19 and a beta of 1.24. The stock’s 50-day simple moving average is $102.34 and its 200-day simple moving average is $101.55.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 21st were paid a $1.09 dividend. The ex-dividend date was Friday, June 21st. This represents a $4.36 annualized dividend and a yield of 3.95%. Federal Realty Investment Trust’s payout ratio is currently 155.16%.

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.