Federal Realty Investment Trust $FRT Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Stake

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 60.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,100 shares of the real estate investment trust’s stock after selling 7,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Federal Realty Investment Trust were worth $552,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE grew its position in Federal Realty Investment Trust by 90.2% in the 1st quarter. Bank of America Corp DE now owns 509,498 shares of the real estate investment trust’s stock valued at $54,114,000 after purchasing an additional 241,684 shares during the period. Contravisory Investment Management Inc. raised its holdings in Federal Realty Investment Trust by 1,175.7% during the second quarter. Contravisory Investment Management Inc. now owns 9,708 shares of the real estate investment trust’s stock worth $1,198,000 after buying an additional 8,947 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Federal Realty Investment Trust during the first quarter worth $1,519,000. Engineers Gate Manager LP acquired a new position in Federal Realty Investment Trust during the second quarter worth $3,350,000. Finally, Resolution Capital Ltd lifted its stake in shares of Federal Realty Investment Trust by 10.3% in the first quarter. Resolution Capital Ltd now owns 3,644,575 shares of the real estate investment trust’s stock valued at $387,090,000 after buying an additional 340,524 shares in the last quarter. 93.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FRT shares. Citigroup lifted their price objective on shares of Federal Realty Investment Trust from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Federal Realty Investment Trust from $124.00 to $129.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. Barclays lowered their target price on shares of Federal Realty Investment Trust from $123.00 to $118.00 and set an “equal weight” rating on the stock in a report on Monday, September 28th. UBS Group dropped their price target on shares of Federal Realty Investment Trust from $127.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Finally, Evercore set a $123.00 price target on Federal Realty Investment Trust in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $124.88.

Insiders Place Their Bets

In other Federal Realty Investment Trust news, Director Nicole Lamb-Hale sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $108.89, for a total value of $163,335.00. Following the completion of the transaction, the director owned 4,613 shares in the company, valued at $502,309.57. This represents a 24.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Stock Down 0.5%

NYSE:FRT traded down $0.52 on Friday, hitting $112.72. The stock had a trading volume of 834,766 shares, compared to its average volume of 994,474. Federal Realty Investment Trust has a 1 year low of $95.14 and a 1 year high of $128.21. The firm’s fifty day simple moving average is $110.52 and its two-hundred day simple moving average is $113.18. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.70 and a current ratio of 1.53. The stock has a market cap of $9.70 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 2.78 and a beta of 0.94.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Friday, October 30th. The real estate investment trust reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($1.11). The business had revenue of $339.02 million during the quarter, compared to analysts’ expectations of $336.57 million. Federal Realty Investment Trust had a return on equity of 13.76% and a net margin of 32.60%. Federal Realty Investment Trust’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 EPS. Analysts predict that Federal Realty Investment Trust will post 7.56 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Monday, January 4th will be given a $1.16 dividend. The ex-dividend date of this dividend is Monday, January 4th. This represents a $4.64 annualized dividend and a yield of 4.1%. Federal Realty Investment Trust’s payout ratio is currently 92.80%.

Federal Realty Investment Trust Profile

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates and redevelops high-quality retail and mixed-use properties. Its portfolio includes shopping centers, street retail, and mixed-use developments that combine retail, residential, office and hospitality uses.

The company focuses on densely populated, affluent communities and prominent locations in major metropolitan markets. Its properties are concentrated in regions including the Northeast, Mid-Atlantic, California and South Florida, and are leased to a broad range of retailers, restaurants, service providers and other commercial tenants.

Founded in 1962, Federal Realty has developed and managed properties designed to serve both local communities and national retailers.