State of New Jersey Common Pension Fund D reduced its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.6% during the second quarter, Holdings Channel reports. The institutional investor owned 61,800 shares of the real estate investment trust’s stock after selling 3,700 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Federal Realty Investment Trust were worth $7,811,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of FRT. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of Federal Realty Investment Trust during the first quarter valued at $126,000. Alexandria Capital LLC increased its stake 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 valued at $158,000 after buying an additional 16 shares in the last quarter. Global X Management Co. LLC increased its stake 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 valued at $166,000 after buying an additional 292 shares in the last quarter. IFP Advisors Inc increased its stake 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 valued at $205,000 after buying an additional 4 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake 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 valued at $213,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 129.40 on Friday. The company has a market capitalization of $9.35 billion, a P/E ratio of 37.47 and a beta of 0.29. The firm’s 50 day moving average is $129.66 and its 200-day moving average is $132.02. Federal Realty Investment Trust has a 52-week low of $120.50 and a 52-week high of $162.06.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $208.33 million. During the same quarter in the prior year, the firm earned $1.42 EPS. The company’s revenue was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Federal Realty Investment Trust will post $3.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $4.00 dividend on an annualized basis and a yield of 3.09%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s dividend payout ratio is currently 113.62%.

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FRT has been the topic of several recent research reports. Citigroup Inc. reiterated a “buy” rating and issued a $156.00 price objective (down 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 lifted their price objective for the company 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 company a “buy” rating in a research report on Friday, August 4th. Four research analysts have rated the stock with 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 $152.38.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 2,772 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total transaction of $368,842.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Dawn M. Becker sold 2,281 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total transaction of $303,487.05. Following the sale, the executive vice president now directly owns 123,744 shares in the company, valued at approximately $16,464,139.20. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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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