Arizona State Retirement System lowered its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 6.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,900 shares of the real estate investment trust’s stock after selling 2,600 shares during the period. Arizona State Retirement System’s holdings in Federal Realty Investment Trust were worth $4,664,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Franklin Parlapiano Turner & Welch LLC purchased a new stake in Federal Realty Investment Trust during the first quarter worth approximately $126,000. Alexandria Capital LLC boosted its stake in Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 16 shares during the period. Global X Management Co. LLC boosted its stake in Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 292 shares during the period. IFP Advisors Inc boosted its stake in Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 4 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 55 shares during the period. Institutional investors own 94.63% of the company’s stock.

Shares of Federal Realty Investment Trust (FRT) opened at 131.06 on Tuesday. The stock has a market cap of $9.47 billion, a PE ratio of 37.96 and a beta of 0.29. Federal Realty Investment Trust has a 12 month low of $120.50 and a 12 month high of $162.06. The firm has a 50-day moving average price of $129.83 and a 200-day moving average price of $131.82.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.03. The business had revenue of $208 million during the quarter, compared to analyst estimates of $208.33 million. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.42 EPS. Equities analysts forecast that Federal Realty Investment Trust will post $3.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, September 21st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.05%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 113.62%.

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A number of research firms recently commented on FRT. Evercore ISI cut Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price objective for the company. in a research report on Monday. Citigroup Inc. reiterated a “buy” rating and set a $156.00 price objective (down previously from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. BidaskClub upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “hold” rating and set a $136.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $148.78.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $133.06, for a total transaction of $368,842.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dawn M. Becker sold 2,281 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total value of $303,487.05. Following the transaction, the executive vice president now owns 123,744 shares of the company’s stock, valued at approximately $16,464,139.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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