Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 39.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Federal Realty Investment Trust by 1.7% in the fourth 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 acquiring an additional 218,671 shares in the last quarter. Norges Bank acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at $810,544,000. Resolution Capital Ltd boosted its stake in Federal Realty Investment Trust by 12.4% in the fourth 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 in the last quarter. Invesco Ltd. boosted its stake in Federal Realty Investment Trust by 41.4% in the fourth 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 in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Federal Realty Investment Trust by 4.0% in the fourth quarter. Geode Capital Management LLC now owns 2,033,880 shares of the real estate investment trust's stock valued at $227,457,000 after acquiring an additional 77,783 shares in the last quarter. Hedge funds and other institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

Shares of FRT stock traded up $0.90 during midday trading on Thursday, reaching $95.24. 655,420 shares of the company traded hands, compared to its average volume of 719,121. The firm's 50 day simple moving average is $95.31 and its two-hundred day simple moving average is $98.76. Federal Realty Investment Trust has a 1-year low of $80.65 and a 1-year high of $118.34. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market cap of $8.17 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 3.77 and a beta of 1.09.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The company had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.55 million. During the same period last year, the firm earned $1.64 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $4.40 annualized dividend and a yield of 4.62%. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 126.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Piper Sandler decreased their target price on shares of Federal Realty Investment Trust from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Wall Street Zen downgraded shares of Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a research note on Saturday, July 12th. BMO Capital Markets reiterated an "outperform" rating and set a $110.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, May 26th. Finally, Citigroup reiterated a "neutral" rating and set a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of "Hold" and an average target price of $111.29.

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.