New York State Common Retirement Fund lifted its stake in Federal Realty Investment Trust (NYSE:FRT) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,300 shares of the real estate investment trust’s stock after purchasing an additional 2,000 shares during the period. New York State Common Retirement Fund owned 0.22% of Federal Realty Investment Trust worth $19,911,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FRT. Advisor Group Inc. increased its stake in shares of Federal Realty Investment Trust by 27.4% in the 2nd quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 297 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Federal Realty Investment Trust by 16.0% in the 2nd quarter. Global X Management Co. LLC now owns 1,444 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 199 shares in the last quarter. Advisor Partners LLC purchased a new stake in shares of Federal Realty Investment Trust in the 3rd quarter worth $203,000. Pacer Advisors Inc. increased its stake in shares of Federal Realty Investment Trust by 9.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 145 shares in the last quarter. Finally, Kemper Corp Master Retirement Trust increased its stake in shares of Federal Realty Investment Trust by 1.4% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 1,750 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Several research firms have recently commented on FRT. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Friday, December 8th. Stifel Nicolaus began coverage on Federal Realty Investment Trust in a research note on Thursday, November 30th. They issued a “buy” rating and a $144.00 price objective for the company. BMO Capital Markets began coverage on Federal Realty Investment Trust in a research note on Sunday, September 17th. They issued an “outperform” rating and a $145.00 price objective for the company. Jefferies Group reduced their price objective on Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, September 15th. Finally, Mizuho restated a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $140.82.

Federal Realty Investment Trust (NYSE:FRT) opened at $131.19 on Thursday. The firm has a market cap of $9,467.37, a price-to-earnings ratio of 22.16, a P/E/G ratio of 3.68 and a beta of 0.34. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. Federal Realty Investment Trust has a 1-year low of $119.37 and a 1-year high of $145.80.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.03. The company had revenue of $217.95 million during the quarter, compared to the consensus estimate of $213.63 million. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. Federal Realty Investment Trust’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 EPS. analysts expect that Federal Realty Investment Trust will post 5.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio is currently 97.56%.

In related news, insider Donald C. Wood sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $131.88, for a total value of $5,275,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

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About Federal Realty Investment Trust

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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