Federal Realty Investment Trust (NYSE:FRT) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama raised its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,392 shares of the real estate investment trust’s stock after purchasing an additional 244 shares during the period. Retirement Systems of Alabama owned 0.07% of Federal Realty Investment Trust worth $6,828,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FRT. NBC Securities Inc. increased its holdings in shares of Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 107 shares during the period. Family Firm Inc. acquired a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at $33,000. Blue Trust Inc. lifted its holdings in shares of Federal Realty Investment Trust by 885.7% in the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 310 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Federal Realty Investment Trust in the third quarter valued at $36,000. Finally, Rothschild Investment LLC acquired a new position in Federal Realty Investment Trust during the second quarter worth about $42,000. Institutional investors own 93.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FRT shares. JPMorgan Chase & Co. raised their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Scotiabank boosted their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Compass Point increased their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $120.00 to $135.00 in a report on Friday, September 13th. Finally, Wells Fargo & Company raised their price target on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.38.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $114.33 on Wednesday. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The business has a fifty day simple moving average of $113.54 and a 200 day simple moving average of $110.63. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.14 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.85%. Federal Realty Investment Trust’s payout ratio is currently 127.91%.

About Federal Realty Investment Trust

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.