Federal Realty Investment Trust $FRT Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in Federal Realty Investment Trust (NYSE:FRT) by 5.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 180,719 shares of the real estate investment trust’s stock after selling 10,922 shares during the period. California Public Employees Retirement System’s holdings in Federal Realty Investment Trust were worth $19,194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Park Square Financial Group LLC purchased a new position in shares of Federal Realty Investment Trust during the 4th quarter worth $25,000. Turning Point Benefit Group Inc. grew its holdings in shares of Federal Realty Investment Trust by 1,853.8% in the fourth quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 241 shares during the period. Private Trust Co. NA grew its holdings in shares of Federal Realty Investment Trust by 937.5% in the fourth quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the period. Advisory Services Network LLC acquired a new stake in Federal Realty Investment Trust during the third quarter worth about $35,000. Finally, SJS Investment Consulting Inc. increased its position in Federal Realty Investment Trust by 72.4% during the first quarter. SJS Investment Consulting Inc. now owns 362 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 152 shares during the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Federal Realty Investment Trust Stock Down 0.3%

Shares of FRT opened at $124.71 on Friday. The firm has a market cap of $10.77 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 2.97 and a beta of 0.93. Federal Realty Investment Trust has a 12-month low of $89.99 and a 12-month high of $126.86. The company’s 50-day moving average price is $121.71 and its 200 day moving average price is $112.00. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a dividend of $1.13 per share. The ex-dividend date was Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.6%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 78.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FRT shares. Truist Financial boosted their target price on shares of Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a report on Friday, June 5th. Jefferies Financial Group upgraded shares of Federal Realty Investment Trust to a “strong-buy” rating in a report on Friday, June 26th. Weiss Ratings raised shares of Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Mizuho set a $130.00 price objective on Federal Realty Investment Trust and gave the company an “outperform” rating in a report on Monday, June 1st. Finally, Evercore set a $122.00 price objective on Federal Realty Investment Trust in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.62.

Federal Realty Investment Trust Profile

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.