New Mexico Educational Retirement Board Trims Holdings in Federal Realty Investment Trust (NYSE:FRT)

New Mexico Educational Retirement Board reduced its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,550 shares of the real estate investment trust’s stock after selling 100 shares during the period. New Mexico Educational Retirement Board’s holdings in Federal Realty Investment Trust were worth $397,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. W.H. Cornerstone Investments Inc. bought a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at approximately $613,000. Asset Management One Co. Ltd. grew its stake in shares of Federal Realty Investment Trust by 7.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 119,698 shares of the real estate investment trust’s stock worth $13,338,000 after buying an additional 8,468 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Federal Realty Investment Trust by 1.1% in the 4th quarter. Van ECK Associates Corp now owns 35,769 shares of the real estate investment trust’s stock worth $4,004,000 after buying an additional 399 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in Federal Realty Investment Trust during the 4th quarter valued at approximately $436,000. Finally, Stephens Inc. AR raised its stake in Federal Realty Investment Trust by 3.6% during the fourth quarter. Stephens Inc. AR now owns 4,196 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 144 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Trading Down 0.1 %

Shares of NYSE:FRT opened at $104.92 on Wednesday. Federal Realty Investment Trust has a 52-week low of $95.97 and a 52-week high of $118.34. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.34 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. The stock’s 50-day simple moving average is $108.88 and its two-hundred day simple moving average is $112.07.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. The company had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. Analysts expect that Federal Realty Investment Trust will post 6.77 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.19%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 128.28%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FRT shares. Wells Fargo & Company cut their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Raymond James reduced their price objective on shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday. Scotiabank upped their target price on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their price target for the company from $122.00 to $125.00 in a research report on Friday, December 20th. Finally, StockNews.com raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.23.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.