Texas Permanent School Fund reduced its position in Federal Realty Investment Trust (NYSE:FRT) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 20,298 shares of the real estate investment trust’s stock after selling 770 shares during the period. Texas Permanent School Fund’s holdings in Federal Realty Investment Trust were worth $2,565,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Parlapiano Turner & Welch LLC purchased a new position in shares of Federal Realty Investment Trust during the first quarter worth $126,000. Alexandria Capital LLC increased its position in shares of Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 16 shares during the period. Global X Management Co. LLC increased its position in shares of Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 292 shares during the period. IFP Advisors Inc increased its position in shares of Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 4 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 94.84% of the company’s stock.

Federal Realty Investment Trust (FRT) opened at 132.59 on Wednesday. The firm has a market cap of $9.58 billion, a P/E ratio of 38.40 and a beta of 0.29. The company’s 50 day moving average is $128.57 and its 200 day moving average is $132.33. Federal Realty Investment Trust has a 52-week low of $120.50 and a 52-week high of $164.43.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The firm had revenue of $208 million during the quarter, compared to the consensus estimate of $208.33 million. During the same period in the previous year, the firm earned $1.42 earnings per share. Federal Realty Investment Trust’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Federal Realty Investment Trust will post $3.26 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.02%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Thursday, September 21st. Federal Realty Investment Trust’s payout ratio is presently 113.62%.

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FRT has been the subject of a number of analyst reports. Citigroup Inc. reiterated a “buy” rating and issued a $156.00 price objective (down previously from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. Seaport Global Securities reiterated a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. BidaskClub upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $140.00 to $146.00 in a research report on Friday, July 21st. Finally, Boenning Scattergood set a $140.00 price objective on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. Federal Realty Investment Trust currently has a consensus rating of “Buy” and an average target price of $151.00.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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

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