Texas Permanent School Fund Boosts Stock Holdings in Federal Realty Investment Trust (NYSE:FRT)

Texas Permanent School Fund grew its position in shares of Federal Realty Investment Trust (NYSE:FRTGet Rating) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,395 shares of the real estate investment trust’s stock after acquiring an additional 217 shares during the quarter. Texas Permanent School Fund’s holdings in Federal Realty Investment Trust were worth $899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in Federal Realty Investment Trust by 0.5% during the 1st quarter. Arizona State Retirement System now owns 18,925 shares of the real estate investment trust’s stock worth $2,310,000 after acquiring an additional 87 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Federal Realty Investment Trust by 5.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,670 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 139 shares during the period. Meeder Asset Management Inc. raised its stake in shares of Federal Realty Investment Trust by 6.5% during the 1st quarter. Meeder Asset Management Inc. now owns 2,497 shares of the real estate investment trust’s stock worth $305,000 after purchasing an additional 152 shares during the period. US Bancorp DE raised its stake in shares of Federal Realty Investment Trust by 3.8% during the 2nd quarter. US Bancorp DE now owns 4,561 shares of the real estate investment trust’s stock worth $437,000 after purchasing an additional 165 shares during the period. Finally, Sawtooth Solutions LLC raised its stake in shares of Federal Realty Investment Trust by 6.9% during the 2nd quarter. Sawtooth Solutions LLC now owns 2,838 shares of the real estate investment trust’s stock worth $272,000 after purchasing an additional 184 shares during the period. 84.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FRT has been the topic of a number of research reports. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, November 15th. Bank of America raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $130.00 in a research note on Tuesday, August 9th. Barclays decreased their price objective on Federal Realty Investment Trust to $114.00 in a report on Thursday, October 27th. UBS Group decreased their target price on shares of Federal Realty Investment Trust from $126.00 to $108.00 and set a “neutral” rating on the stock in a research note on Monday, July 25th. Finally, Mizuho dropped their price objective on Federal Realty Investment Trust from $125.00 to $109.00 and set a “buy” rating for the company in a report on Friday, November 11th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.13.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $108.41 on Monday. The stock’s 50 day moving average is $96.71 and its 200 day moving average is $102.06. The company has a market capitalization of $8.80 billion, a P/E ratio of 23.02, a PEG ratio of 2.42 and a beta of 1.13. Federal Realty Investment Trust has a twelve month low of $86.43 and a twelve month high of $140.51. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.55.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Friday, December 30th. Federal Realty Investment Trust’s dividend payout ratio is presently 91.72%.

Federal Realty Investment Trust Profile

(Get Rating)

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.

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

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