Federal Realty Investment Trust (NYSE:FRT) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in Federal Realty Investment Trust (NYSE:FRT) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 151,058 shares of the real estate investment trust’s stock after selling 7,115 shares during the period. California Public Employees Retirement System owned about 0.19% of Federal Realty Investment Trust worth $14,618,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Creative Planning lifted its stake in Federal Realty Investment Trust by 55.6% in the 2nd quarter. Creative Planning now owns 5,379 shares of the real estate investment trust’s stock worth $521,000 after purchasing an additional 1,922 shares in the last quarter. NewEdge Wealth LLC lifted its stake in Federal Realty Investment Trust by 1.7% in the 1st quarter. NewEdge Wealth LLC now owns 8,923 shares of the real estate investment trust’s stock worth $882,000 after purchasing an additional 146 shares in the last quarter. New Mexico Educational Retirement Board lifted its stake in Federal Realty Investment Trust by 6.0% in the 2nd quarter. New Mexico Educational Retirement Board now owns 3,550 shares of the real estate investment trust’s stock worth $344,000 after purchasing an additional 200 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Federal Realty Investment Trust by 12.2% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 92,280 shares of the real estate investment trust’s stock worth $8,930,000 after purchasing an additional 10,000 shares in the last quarter. Finally, abrdn plc lifted its stake in Federal Realty Investment Trust by 4.2% in the 1st quarter. abrdn plc now owns 34,284 shares of the real estate investment trust’s stock worth $3,388,000 after purchasing an additional 1,386 shares in the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FRT shares. Mizuho lowered shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $101.00 in a research note on Monday, September 18th. Raymond James lowered shares of Federal Realty Investment Trust from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $115.00 to $104.00 in a research report on Tuesday, September 5th. Bank of America reduced their price target on shares of Federal Realty Investment Trust from $125.00 to $124.00 and set a “buy” rating on the stock in a research report on Tuesday, August 22nd. Wells Fargo & Company reduced their price target on shares of Federal Realty Investment Trust from $103.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Monday, November 13th. Finally, StockNews.com started coverage on shares of Federal Realty Investment Trust in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust has an average rating of “Hold” and an average target price of $112.36.

Federal Realty Investment Trust Stock Down 0.2 %

Federal Realty Investment Trust stock opened at $92.38 on Tuesday. The firm has a 50 day moving average price of $91.51 and a 200 day moving average price of $94.55. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $115.08. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.43 and a current ratio of 1.43. The company has a market capitalization of $7.53 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a $1.09 dividend. The ex-dividend date is Friday, December 29th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.72%. Federal Realty Investment Trust’s payout ratio is 126.74%.

Federal Realty Investment Trust Company 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.