New Mexico Educational Retirement Board lowered its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,719 shares of the real estate investment trust’s stock after selling 600 shares during the period. New Mexico Educational Retirement Board’s holdings in Federal Realty Investment Trust were worth $2,218,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FRT. IFP Advisors Inc raised 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 in the last quarter. Alexandria Capital LLC raised 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 in the last quarter. ING Groep NV raised its stake in Federal Realty Investment Trust by 0.6% in the second quarter. ING Groep NV now owns 3,699 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 22 shares in the last quarter. Pacer Advisors Inc. raised 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 in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in Federal Realty Investment Trust by 0.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,490 shares of the real estate investment trust’s stock worth $1,134,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 94.84% of the company’s stock.

Federal Realty Investment Trust (NYSE FRT) opened at 132.04 on Friday. Federal Realty Investment Trust has a 1-year low of $120.50 and a 1-year high of $162.06. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 38.24 and a beta of 0.29. The firm has a 50-day moving average of $129.51 and a 200 day moving average of $132.10.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The company had revenue of $208 million for the quarter, compared to the consensus estimate of $208.33 million. During the same period last year, the company earned $1.42 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Federal Realty Investment Trust will post $3.26 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.03%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 113.62%.

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A number of research firms have recently issued reports on FRT. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $146.00 in a report on Friday, July 21st. Boenning Scattergood set a $140.00 price target on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. BidaskClub upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a report on Thursday, April 27th. Finally, Jefferies Group LLC restated a “hold” rating and set a $136.00 price target on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $152.38.

Federal Realty Investment Trust Company Profile

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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