State Treasurer State of Michigan Buys 200 Shares of Federal Realty Investment Trust (FRT)

State Treasurer State of Michigan boosted its stake in Federal Realty Investment Trust (NYSE:FRT) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,716 shares of the real estate investment trust’s stock after buying an additional 200 shares during the period. State Treasurer State of Michigan’s holdings in Federal Realty Investment Trust were worth $3,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TLP Group LLC bought a new position in shares of Federal Realty Investment Trust during the third quarter worth about $117,000. Alexandria Capital LLC increased its stake in Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 16 shares in the last quarter. IFP Advisors Inc increased its stake in Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 4 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Federal Realty Investment Trust during the fourth quarter worth $214,000. Finally, BB&T Securities LLC acquired a new stake in Federal Realty Investment Trust during the third quarter worth $231,000. 90.81% of the stock is currently owned by institutional investors.

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

Shares of Federal Realty Investment Trust (NYSE:FRT) traded up 2.06% during midday trading on Friday, reaching $126.85. 247,703 shares of the company’s stock were exchanged. The company’s 50-day moving average is $132.25 and its 200-day moving average is $137.31. Federal Realty Investment Trust has a one year low of $121.73 and a one year high of $171.08. The stock has a market cap of $9.16 billion, a P/E ratio of 39.84 and a beta of 0.31.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.02. The company had revenue of $207.39 million during the quarter, compared to the consensus estimate of $205.96 million. Federal Realty Investment Trust had a return on equity of 10.89% and a net margin of 31.18%. Federal Realty Investment Trust’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 earnings per share. Equities analysts expect that Federal Realty Investment Trust will post $3.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Thursday, June 22nd will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 3.15%. The ex-dividend date is Tuesday, June 20th. Federal Realty Investment Trust’s payout ratio is 112.00%.

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A number of analysts have recently weighed in on the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. Boenning Scattergood upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 22nd. Deutsche Bank AG upped their price target on shares of Federal Realty Investment Trust from $139.00 to $140.00 and gave the stock a “hold” rating in a research note on Tuesday, March 21st. Sandler O’Neill upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Monday, March 13th. Finally, Zacks Investment Research upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $160.13.

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.

5 Day Chart for NYSE:FRT

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