Strs Ohio Reduces Stock Position in Federal Realty Investment Trust $FRT

Strs Ohio cut its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 73.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,714 shares of the real estate investment trust’s stock after selling 240,267 shares during the quarter. Strs Ohio owned approximately 0.10% of Federal Realty Investment Trust worth $8,427,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FRT. Hilltop National Bank acquired a new stake in shares of Federal Realty Investment Trust during the second quarter worth approximately $28,000. GKV Capital Management Co. Inc. acquired a new position in Federal Realty Investment Trust during the 1st quarter worth $30,000. Spire Wealth Management grew its holdings in Federal Realty Investment Trust by 365.3% during the 2nd quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 263 shares in the last quarter. Federated Hermes Inc. grew its stake in Federal Realty Investment Trust by 143.9% in the first quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Dagco Inc. bought a new stake in Federal Realty Investment Trust in the first quarter valued at about $34,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Up 1.5%

NYSE:FRT opened at $96.31 on Friday. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.09. The firm has a market capitalization of $8.31 billion, a P/E ratio of 24.38, a P/E/G ratio of 3.78 and a beta of 1.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14. The business has a 50 day simple moving average of $99.41 and a 200 day simple moving average of $96.40.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.01. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The company had revenue of $322.25 million during the quarter, compared to the consensus estimate of $318.73 million. During the same quarter in the previous year, the company posted $1.71 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. Equities research analysts predict that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, January 2nd. Federal Realty Investment Trust’s payout ratio is presently 114.43%.

Analyst Upgrades and Downgrades

FRT has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Federal Realty Investment Trust in a report on Wednesday, October 8th. Scotiabank lifted their price objective on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. LADENBURG THALM/SH SH raised shares of Federal Realty Investment Trust to a “strong-buy” rating in a report on Tuesday, September 9th. JPMorgan Chase & Co. lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, August 27th. Finally, Mizuho lifted their price target on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $108.54.

Federal Realty Investment Trust Company Profile

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.