Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 12,927 Shares of Federal Realty Investment Trust (NYSE:FRT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 42.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,720 shares of the real estate investment trust’s stock after purchasing an additional 12,927 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Federal Realty Investment Trust were worth $4,894,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in Federal Realty Investment Trust during the third quarter worth about $36,000. Venturi Wealth Management LLC lifted its stake in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 333 shares during the period. Smartleaf Asset Management LLC lifted its stake in Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares during the period. Hopwood Financial Services Inc. bought a new position in Federal Realty Investment Trust during the fourth quarter worth about $101,000. Finally, Jackson Grant Investment Advisers Inc. lifted its stake in Federal Realty Investment Trust by 11.5% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 137 shares during the period. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $95.03 on Friday. The firm has a 50 day simple moving average of $104.47 and a 200 day simple moving average of $110.03. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. Federal Realty Investment Trust has a fifty-two week low of $94.58 and a fifty-two week high of $118.34. The firm has a market cap of $8.14 billion, a P/E ratio of 27.71, a P/E/G ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Sell-side analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

Analyst Upgrades and Downgrades

FRT has been the subject of a number of analyst reports. Truist Financial cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $114.00 to $105.00 in a research note on Thursday, March 13th. Stifel Nicolaus dropped their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. JPMorgan Chase & Co. dropped their price objective on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Raymond James dropped their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, Scotiabank dropped their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $119.77.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.