Strs Ohio Cuts Stock Holdings in Federal Realty Investment Trust $FRT

Strs Ohio reduced its stake in Federal Realty Investment Trust (NYSE:FRT) by 30.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,216 shares of the real estate investment trust’s stock after selling 47,403 shares during the quarter. Strs Ohio owned about 0.12% of Federal Realty Investment Trust worth $11,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Federal Realty Investment Trust in the 4th quarter worth approximately $25,000. Turning Point Benefit Group Inc. raised its position in shares of Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 241 shares in the last quarter. True Wealth Design LLC raised its position in shares of Federal Realty Investment Trust by 88.7% during the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 126 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Federal Realty Investment Trust by 937.5% during the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth $35,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Price Performance

FRT stock opened at $121.68 on Monday. The firm has a market cap of $10.51 billion, a P/E ratio of 21.13, a P/E/G ratio of 2.89 and a beta of 0.93. The firm’s fifty day moving average is $119.05 and its 200 day moving average is $109.86. Federal Realty Investment Trust has a 52 week low of $89.99 and a 52 week high of $126.41. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64.

Federal Realty Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 78.47%.

Wall Street Analyst Weigh In

A number of research firms recently commented on FRT. Evercore set a $110.00 target price on Federal Realty Investment Trust in a research note on Monday, May 4th. Scotiabank lifted their price target on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Bank of America upped their price objective on Federal Realty Investment Trust from $128.00 to $131.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Weiss Ratings upgraded Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Piper Sandler reissued an “overweight” rating on shares of Federal Realty Investment Trust in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $124.20.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.