State Board of Administration of Florida Retirement System reduced its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.4% during the fourth quarter, Holdings Channel reports. The fund owned 110,286 shares of the real estate investment trust’s stock after selling 2,712 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Federal Realty Investment Trust were worth $15,673,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FRT. Weiss Multi Strategy Advisers LLC increased its stake in Federal Realty Investment Trust by 21.2% in the second quarter. Weiss Multi Strategy Advisers LLC now owns 100,076 shares of the real estate investment trust’s stock valued at $16,568,000 after buying an additional 17,485 shares during the last quarter. Landscape Capital Management L.L.C. increased its stake in Federal Realty Investment Trust by 7.7% in the second quarter. Landscape Capital Management L.L.C. now owns 20,900 shares of the real estate investment trust’s stock valued at $3,460,000 after buying an additional 1,496 shares during the last quarter. Invictus RG increased its stake in Federal Realty Investment Trust by 201.9% in the second quarter. Invictus RG now owns 2,847 shares of the real estate investment trust’s stock valued at $471,000 after buying an additional 1,904 shares during the last quarter. Waterfront Capital Partners LLC acquired a new stake in Federal Realty Investment Trust during the second quarter valued at about $17,383,000. Finally, Sentry Investments Corp. increased its stake in Federal Realty Investment Trust by 51.2% in the second quarter. Sentry Investments Corp. now owns 141,205 shares of the real estate investment trust’s stock valued at $23,376,000 after buying an additional 47,800 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

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

Federal Realty Investment Trust (NYSE:FRT) opened at 140.50 on Friday. Federal Realty Investment Trust has a one year low of $134.39 and a one year high of $171.08. The stock has a market capitalization of $10.13 billion, a P/E ratio of 40.14 and a beta of 0.31. The company has a 50 day moving average of $141.09 and a 200-day moving average of $147.24.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.01. The business earned $204.10 million during the quarter, compared to the consensus estimate of $203.74 million. Federal Realty Investment Trust had a return on equity of 10.89% and a net margin of 31.18%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 earnings per share. Equities research analysts predict that Federal Realty Investment Trust will post $3.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Tuesday, March 14th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Friday, March 10th. This represents a $3.92 dividend on an annualized basis and a yield of 2.79%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 112.00%.

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Several research firms recently issued reports on FRT. Zacks Investment Research downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Monday, October 24th. Jefferies Group LLC reissued a “hold” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, November 9th. Citigroup Inc. raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 13th. Finally, Mizuho reissued a “buy” rating on shares of Federal Realty Investment Trust in a research report on Friday, December 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $160.80.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT) engaged in the ownership, management, and redevelopment of retail and mixed-use properties. The Trust owns or holds interests in community and neighborhood shopping centers and mixed-use properties, which are operated as approximately 90 retail real estate projects consisting approximately 21.4 million square feet, located primarily in the Northeast and Mid-Atlantic regions of the United States, as well as in California.

5 Day Chart for NYSE:FRT

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