Texas Permanent School Fund Sells 1,371 Shares of Federal Realty Investment Trust (FRT)

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Texas Permanent School Fund lowered its holdings in Federal Realty Investment Trust (NYSE:FRT) by 7.7% during the 3rd quarter, Holdings Channel reports. The firm owned 16,498 shares of the real estate investment trust’s stock after selling 1,371 shares during the quarter. Texas Permanent School Fund’s holdings in Federal Realty Investment Trust were worth $2,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFM Investors Pty Ltd increased its position in shares of Federal Realty Investment Trust by 34.2% in the third quarter. IFM Investors Pty Ltd now owns 2,778 shares of the real estate investment trust’s stock worth $351,000 after acquiring an additional 708 shares in the last quarter. Green Street Investors LLC purchased a new position in shares of Federal Realty Investment Trust in the third quarter worth approximately $4,936,000. Strs Ohio increased its position in shares of Federal Realty Investment Trust by 1.7% in the third quarter. Strs Ohio now owns 448,370 shares of the real estate investment trust’s stock worth $56,705,000 after acquiring an additional 7,666 shares in the last quarter. Oakbrook Investments LLC increased its position in shares of Federal Realty Investment Trust by 41.5% in the third quarter. Oakbrook Investments LLC now owns 3,919 shares of the real estate investment trust’s stock worth $496,000 after acquiring an additional 1,150 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Federal Realty Investment Trust by 6.5% in the third quarter. Nisa Investment Advisors LLC now owns 36,231 shares of the real estate investment trust’s stock worth $4,582,000 after acquiring an additional 2,221 shares in the last quarter. 91.96% of the stock is currently owned by institutional investors.

NYSE FRT opened at $125.14 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $9.07 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 3.30 and a beta of 0.18. Federal Realty Investment Trust has a 12-month low of $106.41 and a 12-month high of $134.52.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.73). The business had revenue of $229.75 million during the quarter, compared to analyst estimates of $228.71 million. Federal Realty Investment Trust had a net margin of 26.33% and a return on equity of 10.65%. Federal Realty Investment Trust’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 earnings per share. As a group, analysts anticipate that Federal Realty Investment Trust will post 6.2 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be paid a $1.02 dividend. The ex-dividend date is Monday, December 31st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. This represents a $4.08 dividend on an annualized basis and a yield of 3.26%. Federal Realty Investment Trust’s payout ratio is 69.04%.

Several research firms have recently weighed in on FRT. Jefferies Financial Group reissued a “hold” rating and issued a $128.00 target price on shares of Federal Realty Investment Trust in a research report on Wednesday, August 15th. Deutsche Bank lifted their target price on shares of Federal Realty Investment Trust from $133.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, August 28th. Scotiabank began coverage on shares of Federal Realty Investment Trust in a research report on Tuesday, October 16th. They issued an “outperform” rating on the stock. Citigroup raised their price target on shares of Federal Realty Investment Trust from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Monday, August 20th. Finally, ValuEngine upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 18th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Federal Realty Investment Trust has a consensus rating of “Buy” and an average target price of $137.00.

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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 densely populated, affluent communities where retail demand exceeds supply.

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Institutional Ownership by Quarter for Federal Realty Investment Trust (NYSE:FRT)

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