State of Alaska Department of Revenue Cuts Stake in Federal Realty Investment Trust (NYSE:FRT)


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State of Alaska Department of Revenue reduced its stake in Federal Realty Investment Trust (NYSE:FRT) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,672 shares of the real estate investment trust’s stock after selling 570 shares during the period. State of Alaska Department of Revenue’s holdings in Federal Realty Investment Trust were worth $2,780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC purchased a new stake in shares of Federal Realty Investment Trust during the third quarter valued at $25,000. Price Wealth LLC lifted its holdings in Federal Realty Investment Trust by 2,450.0% in the third quarter. Price Wealth LLC now owns 357 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 343 shares during the period. Private Advisor Group LLC bought a new position in Federal Realty Investment Trust in the second quarter valued at about $40,000. Northwest Investment Counselors LLC bought a new position in Federal Realty Investment Trust in the third quarter valued at about $37,000. Finally, Glenmede Trust Co. NA lifted its holdings in Federal Realty Investment Trust by 173.7% in the second quarter. Glenmede Trust Co. NA now owns 709 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 450 shares during the period. 83.88% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on FRT shares. Jefferies Financial Group downgraded Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $88.00 to $75.00 in a research note on Friday, October 16th. Wells Fargo & Company downgraded Federal Realty Investment Trust from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective on the stock. in a research note on Thursday, December 10th. BidaskClub downgraded Federal Realty Investment Trust from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 23rd. ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 10th. Finally, Mizuho downgraded Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a research note on Monday, October 19th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $90.47.

FRT opened at $86.29 on Thursday. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 2.01. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 37.19, a PEG ratio of 2.00 and a beta of 1.06. Federal Realty Investment Trust has a 12 month low of $64.11 and a 12 month high of $131.56. The stock has a fifty day moving average price of $87.78 and a 200-day moving average price of $81.39.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, November 5th. The real estate investment trust reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($1.51). Federal Realty Investment Trust had a return on equity of 7.72% and a net margin of 21.56%. The firm had revenue of $208.20 million during the quarter, compared to the consensus estimate of $206.57 million. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was down 11.0% compared to the same quarter last year. On average, equities research analysts forecast that Federal Realty Investment Trust will post 4.55 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, January 4th will be given a $1.06 dividend. The ex-dividend date is Thursday, December 31st. This represents a $4.24 dividend on an annualized basis and a dividend yield of 4.91%. Federal Realty Investment Trust’s payout ratio is 66.98%.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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