Strs Ohio Boosts Holdings in Federal Realty Investment Trust (NYSE:FRT)

Strs Ohio boosted its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 32.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,781 shares of the real estate investment trust's stock after purchasing an additional 33,700 shares during the quarter. Strs Ohio owned about 0.17% of Federal Realty Investment Trust worth $14,095,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of Federal Realty Investment Trust in the third quarter valued at approximately $2,465,000. Royal London Asset Management Ltd. grew its holdings in shares of Federal Realty Investment Trust by 1.3% during the third quarter. Royal London Asset Management Ltd. now owns 43,925 shares of the real estate investment trust's stock worth $3,982,000 after purchasing an additional 545 shares during the last quarter. FMR LLC boosted its holdings in Federal Realty Investment Trust by 195.8% in the third quarter. FMR LLC now owns 135,818 shares of the real estate investment trust's stock valued at $12,309,000 after acquiring an additional 89,898 shares during the last quarter. Sandy Spring Bank boosted its holdings in Federal Realty Investment Trust by 13.1% in the fourth quarter. Sandy Spring Bank now owns 3,870 shares of the real estate investment trust's stock valued at $399,000 after acquiring an additional 449 shares during the last quarter. Finally, UBS Group AG boosted its holdings in Federal Realty Investment Trust by 4.4% during the third quarter. UBS Group AG now owns 155,823 shares of the real estate investment trust's stock worth $14,122,000 after buying an additional 6,552 shares during the last quarter. Institutional investors own 93.86% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on FRT. Wells Fargo & Company raised Federal Realty Investment Trust from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Truist Financial reiterated a "buy" rating and set a $117.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Scotiabank decreased their price objective on Federal Realty Investment Trust from $110.00 to $109.00 and set a "sector outperform" rating on the stock in a report on Wednesday, February 28th. Mizuho decreased their price objective on Federal Realty Investment Trust from $104.00 to $101.00 and set a "neutral" rating on the stock in a report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Federal Realty Investment Trust in a report on Tuesday, January 30th. They set a "hold" rating and a $109.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Federal Realty Investment Trust has an average rating of "Moderate Buy" and a consensus target price of $112.60.

Federal Realty Investment Trust Stock Up 0.6 %

Federal Realty Investment Trust stock traded up $0.61 during mid-day trading on Wednesday, reaching $97.04. The stock had a trading volume of 396,313 shares, compared to its average volume of 653,874. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $107.61. The stock's 50-day simple moving average is $100.34 and its 200-day simple moving average is $97.99. The firm has a market capitalization of $8.05 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 2.78 and a beta of 1.21.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The firm had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. During the same period last year, the business posted $1.58 EPS. The company's revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Federal Realty Investment Trust will post 6.81 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 13th were issued a dividend of $1.09 per share. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a yield of 4.49%. Federal Realty Investment Trust's dividend payout ratio (DPR) is currently 155.71%.

Federal Realty Investment Trust Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.