Public Employees Retirement System of Ohio Acquires 2,638 Shares of Federal Realty Investment Trust $FRT

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Federal Realty Investment Trust (FRT) by 2.0%, acquiring an additional 2,638 shares to reach a total of 137,907 shares valued at approximately $13.1 million.
• Federal Realty Investment Trust announced a quarterly dividend increase to $1.13 per share, up from the previous $1.10, reflecting an annualized dividend yield of 4.5%.
• Analysts have a consensus rating of "Moderate Buy" for Federal Realty Investment Trust, with a target price averaging around $109.31, indicating positive sentiment among market observers.

Public Employees Retirement System of Ohio raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 2.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,907 shares of the real estate investment trust's stock after acquiring an additional 2,638 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.16% of Federal Realty Investment Trust worth $13,100,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of Federal Realty Investment Trust by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 155,434 shares of the real estate investment trust's stock worth $15,205,000 after acquiring an additional 917 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Federal Realty Investment Trust by 10.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust's stock worth $697,000 after acquiring an additional 674 shares in the last quarter. KBC Group NV grew its stake in shares of Federal Realty Investment Trust by 5.6% during the 1st quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust's stock worth $278,000 after acquiring an additional 151 shares in the last quarter. Amalgamated Bank grew its stake in shares of Federal Realty Investment Trust by 1.0% during the 1st quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust's stock worth $1,495,000 after acquiring an additional 146 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Federal Realty Investment Trust by 3.1% during the 1st quarter. New York State Common Retirement Fund now owns 60,214 shares of the real estate investment trust's stock worth $5,890,000 after acquiring an additional 1,800 shares in the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Trading Up 0.4%

Shares of Federal Realty Investment Trust stock opened at $99.46 on Friday. The business has a fifty day simple moving average of $97.13 and a two-hundred day simple moving average of $95.55. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 3.78 and a beta of 1.16. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.18. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The business had revenue of $302.48 million during the quarter, compared to the consensus estimate of $309.25 million. During the same quarter last year, the firm posted $1.69 EPS. The company's quarterly revenue was up 5.2% on a year-over-year basis. Research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $1.13 per share. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Federal Realty Investment Trust's payout ratio is 114.43%.

Analyst Ratings Changes

Several equities analysts recently weighed in on FRT shares. LADENBURG THALM/SH SH raised shares of Federal Realty Investment Trust to a "strong-buy" rating in a research note on Tuesday, September 9th. Mizuho raised their target price on shares of Federal Realty Investment Trust from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Evercore ISI cut shares of Federal Realty Investment Trust from an "outperform" rating to an "in-line" rating and raised their target price for the company from $106.00 to $107.00 in a research note on Monday, September 15th. Wall Street Zen raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Barclays decreased their target price on shares of Federal Realty Investment Trust from $106.00 to $105.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $109.31.

Federal Realty Investment Trust 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.

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