Teacher Retirement System of Texas cut its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 39.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,449 shares of the real estate investment trust's stock after selling 7,449 shares during the quarter. Teacher Retirement System of Texas' holdings in Federal Realty Investment Trust were worth $1,120,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Federal Realty Investment Trust by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 13,041,061 shares of the real estate investment trust's stock valued at $1,459,947,000 after buying an additional 218,671 shares during the last quarter. Norges Bank bought a new stake in Federal Realty Investment Trust in the 4th quarter valued at $810,544,000. Resolution Capital Ltd raised its stake in Federal Realty Investment Trust by 12.4% in the 4th quarter. Resolution Capital Ltd now owns 3,523,155 shares of the real estate investment trust's stock valued at $394,417,000 after acquiring an additional 389,266 shares during the period. Invesco Ltd. raised its stake in Federal Realty Investment Trust by 41.4% in the 4th quarter. Invesco Ltd. now owns 3,053,443 shares of the real estate investment trust's stock valued at $341,833,000 after acquiring an additional 893,258 shares during the period. Finally, Geode Capital Management LLC increased its position in Federal Realty Investment Trust by 4.0% during the 4th quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust's stock worth $227,457,000 after buying an additional 77,783 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.
Federal Realty Investment Trust Trading Down 0.5%
FRT traded down $0.43 on Thursday, hitting $93.91. 41,897 shares of the company were exchanged, compared to its average volume of 715,997. The stock has a market capitalization of $8.06 billion, a PE ratio of 27.00, a price-to-earnings-growth ratio of 3.71 and a beta of 1.09. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.34. The firm has a fifty day simple moving average of $95.31 and a two-hundred day simple moving average of $98.86. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.72 and a current ratio of 1.72.
Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.01. The firm had revenue of $302.29 million for the quarter, compared to analyst estimates of $307.55 million. Federal Realty Investment Trust had a return on equity of 9.97% and a net margin of 24.77%. The business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.64 EPS. Sell-side analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.
Federal Realty Investment Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.69%. Federal Realty Investment Trust's dividend payout ratio is presently 126.07%.
Analyst Ratings Changes
FRT has been the topic of several recent research reports. Piper Sandler lowered their price objective on Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Raymond James Financial cut their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Barclays assumed coverage on Federal Realty Investment Trust in a research note on Wednesday, July 2nd. They issued an "overweight" rating and a $106.00 price objective on the stock. Wells Fargo & Company dropped their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Finally, Wall Street Zen lowered Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of "Hold" and a consensus price target of $111.29.
Check Out Our Latest Report on Federal Realty Investment Trust
Federal Realty Investment Trust Company Profile
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Free Report)
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.
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