Strs Ohio Decreases Stake in Federal Realty Investment Trust $FRT

Strs Ohio lowered its stake in Federal Realty Investment Trust (NYSE:FRT) by 30.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 106,216 shares of the real estate investment trust’s stock after selling 47,403 shares during the quarter. Strs Ohio’s holdings in Federal Realty Investment Trust were worth $11,281,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Park Square Financial Group LLC purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter worth $25,000. Turning Point Benefit Group Inc. raised its holdings in Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 241 shares during the last quarter. True Wealth Design LLC boosted its position in Federal Realty Investment Trust by 88.7% during the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 126 shares during the period. Private Trust Co. NA grew its holdings in Federal Realty Investment Trust by 937.5% in the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Federal Realty Investment Trust in the third quarter valued at about $35,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Federal Realty Investment Trust in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Friday, May 29th. Truist Financial boosted their price target on Federal Realty Investment Trust from $112.00 to $118.00 and gave the company a “hold” rating in a report on Friday, June 5th. Citigroup increased their price objective on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Mizuho set a $130.00 price objective on Federal Realty Investment Trust and gave the stock an “outperform” rating in a research report on Monday, June 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $124.20.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $121.68 on Monday. The stock’s 50 day simple moving average is $119.05 and its two-hundred day simple moving average is $109.86. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a market cap of $10.51 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 2.89 and a beta of 0.93. Federal Realty Investment Trust has a fifty-two week low of $89.99 and a fifty-two week high of $126.41.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 78.47%.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.