Public Employees Retirement System of Ohio Has $13.37 Million Position in Federal Realty Investment Trust $FRT

Public Employees Retirement System of Ohio cut its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 9.1% during the 1st quarter, HoldingsChannel reports. The firm owned 125,839 shares of the real estate investment trust’s stock after selling 12,663 shares during the period. Public Employees Retirement System of Ohio’s holdings in Federal Realty Investment Trust were worth $13,365,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new position in Federal Realty Investment Trust in the 4th quarter valued at approximately $25,000. Turning Point Benefit Group Inc. grew its stake in shares of Federal Realty Investment Trust by 1,853.8% during the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Federal Realty Investment Trust by 937.5% during the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Federal Realty Investment Trust during the third quarter worth $35,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Federal Realty Investment Trust by 72.4% in the 1st quarter. SJS Investment Consulting Inc. now owns 362 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 152 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Price Performance

Shares of FRT opened at $126.07 on Monday. The business has a 50-day moving average of $121.97 and a 200-day moving average of $112.19. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 3.00 and a beta of 0.93. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $126.86.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a dividend of $1.13 per share. The ex-dividend date was Wednesday, July 1st. This represents a $4.52 annualized dividend and a yield of 3.6%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 78.47%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays raised their price objective on Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, May 27th. Raymond James Financial reiterated an “outperform” rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Friday, May 29th. Jefferies Financial Group upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a report on Friday, June 26th. Finally, Evercore set a $122.00 target price on shares of Federal Realty Investment Trust in a research report on Tuesday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.62.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.