Federal Realty Investment Trust $FRT Shares Sold by Strs Ohio

Strs Ohio lowered its stake in Federal Realty Investment Trust (NYSE:FRT) by 73.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 88,714 shares of the real estate investment trust’s stock after selling 240,267 shares during the quarter. Strs Ohio’s holdings in Federal Realty Investment Trust were worth $8,427,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its stake in shares of Federal Realty Investment Trust by 0.6% in 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 during the period. Cambridge Investment Research Advisors Inc. lifted its position in Federal Realty Investment Trust by 10.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,124 shares of the real estate investment trust’s stock worth $697,000 after purchasing an additional 674 shares during the period. KBC Group NV lifted its position in Federal Realty Investment Trust by 5.6% in the first quarter. KBC Group NV now owns 2,844 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 151 shares during the period. Amalgamated Bank lifted its position in Federal Realty Investment Trust by 1.0% in the first quarter. Amalgamated Bank now owns 15,284 shares of the real estate investment trust’s stock worth $1,495,000 after purchasing an additional 146 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Federal Realty Investment Trust by 103.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 5,770 shares of the real estate investment trust’s stock valued at $553,000 after buying an additional 2,928 shares during the period. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on FRT shares. Evercore ISI cut their price objective on Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating for the company in a report on Friday, October 17th. Scotiabank upped their price target on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Barclays increased their target price on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Mizuho increased 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. Finally, Deutsche Bank Aktiengesellschaft set a $105.00 target price on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.54.

Federal Realty Investment Trust Stock Up 1.5%

Shares of NYSE:FRT opened at $96.31 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market cap of $8.31 billion, a PE ratio of 24.38, a price-to-earnings-growth ratio of 3.78 and a beta of 1.15. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09. The firm has a 50 day simple moving average of $99.41 and a 200 day simple moving average of $96.40.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $1.77 EPS for the quarter, beating the consensus estimate of $1.76 by $0.01. The business had revenue of $322.25 million during the quarter, compared to the consensus estimate of $318.73 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 EPS. Federal Realty Investment Trust has set its FY 2025 guidance at 7.200-7.260 EPS. As a group, research analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, January 2nd will be given a dividend of $1.13 per share. The ex-dividend date is Friday, January 2nd. This represents a $4.52 dividend on an annualized basis and a yield of 4.7%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 114.43%.

About Federal Realty Investment Trust

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.