California State Teachers Retirement System Trims Stake in Federal Realty Investment Trust $FRT

California State Teachers Retirement System trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,479 shares of the real estate investment trust's stock after selling 5,201 shares during the quarter. California State Teachers Retirement System owned approximately 0.10% of Federal Realty Investment Trust worth $11,168,728 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Park Square Financial Group LLC bought a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $25,000. SJS Investment Consulting Inc. lifted its position 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 worth $38,000 after purchasing an additional 152 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Federal Realty Investment Trust by 64.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 370 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 145 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in Federal Realty Investment Trust in the 4th quarter worth about $57,000. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Federal Realty Investment Trust during the first quarter worth approximately $81,000. Institutional investors and hedge funds own 93.86% of the company's stock.

Analyst Ratings Changes

FRT has been the subject of several recent analyst reports. Bank of America upped their target price on shares of Federal Realty Investment Trust from $128.00 to $131.00 and gave the stock a "buy" rating in a report on Monday, June 29th. Wells Fargo & Company upped their price objective on shares of Federal Realty Investment Trust from $129.00 to $134.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Weiss Ratings downgraded shares of Federal Realty Investment Trust from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, September 1st. UBS Group increased their price target on Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Finally, Scotiabank boosted their price target on shares of Federal Realty Investment Trust from $118.00 to $128.00 and gave the company an "outperform" rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.75.

Federal Realty Investment Trust Price Performance

Shares of FRT traded down $0.95 during midday trading on Tuesday, hitting $113.58. 191,999 shares of the company traded hands, compared to its average volume of 859,953. Federal Realty Investment Trust has a one year low of $90.03 and a one year high of $128.21. The firm has a market cap of $9.81 billion, a P/E ratio of 22.94, a PEG ratio of 2.81 and a beta of 0.91. The stock has a 50-day moving average of $120.03 and a 200-day moving average of $116.03. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.70 and a quick ratio of 1.70.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.88). Federal Realty Investment Trust had a net margin of 32.67% and a return on equity of 13.65%. The business had revenue of $335.71 million during the quarter, compared to the consensus estimate of $331.92 million. During the same period last year, the company posted $1.91 earnings per share. The business's revenue was up 7.8% compared to the same quarter last year. Federal Realty Investment Trust has set its FY 2026 guidance at 7.480-7.560 EPS. As a group, sell-side analysts predict that Federal Realty Investment Trust will post 7.54 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, October 1st. This is a positive change from Federal Realty Investment Trust's previous quarterly dividend of $1.13. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 91.31%.

About Federal Realty Investment Trust

Federal Realty Investment Trust is a self-administered and self-managed real estate investment trust that owns, operates, develops and redevelops retail and mixed-use properties. Its portfolio includes shopping centers and properties that combine retail, dining, residential, office and other uses, with an emphasis on locations in affluent and densely populated communities.

The company's properties are concentrated in major metropolitan markets along the East Coast, in California and in South Florida.

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