Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas increased its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 71,000 shares of the real estate investment trust's stock after buying an additional 12,000 shares during the period. Employees Retirement System of Texas owned 0.08% of Federal Realty Investment Trust worth $7,948,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. purchased a new stake in Federal Realty Investment Trust during the fourth quarter worth $8,665,000. Toronto Dominion Bank boosted its holdings in Federal Realty Investment Trust by 10.6% during the fourth quarter. Toronto Dominion Bank now owns 30,603 shares of the real estate investment trust's stock worth $3,426,000 after buying an additional 2,938 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in Federal Realty Investment Trust during the fourth quarter worth $153,000. Vise Technologies Inc. purchased a new stake in Federal Realty Investment Trust during the fourth quarter worth $237,000. Finally, Kinloch Capital LLC boosted its holdings in Federal Realty Investment Trust by 4.7% during the fourth quarter. Kinloch Capital LLC now owns 34,559 shares of the real estate investment trust's stock worth $3,869,000 after buying an additional 1,567 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT traded down $0.44 during midday trading on Friday, hitting $95.53. The company's stock had a trading volume of 917,421 shares, compared to its average volume of 692,944. The business's 50 day simple moving average is $93.93 and its 200 day simple moving average is $103.05. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97. The company has a market cap of $8.19 billion, a P/E ratio of 27.85, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $118.34.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The firm had revenue of $302.29 million for the quarter, compared to the consensus estimate of $307.55 million. During the same period last year, the firm posted $1.64 earnings per share. The company's revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Tuesday, July 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 126.07%.

Analysts Set New Price Targets

FRT has been the subject of a number of research analyst reports. Raymond James reduced their price objective on shares of Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. BMO Capital Markets restated an "outperform" rating and set a $110.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, May 26th. Mizuho reduced their price objective on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, February 25th. Piper Sandler reduced their price objective on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Finally, Stifel Nicolaus reduced their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $113.33.

About Federal Realty Investment Trust

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.