State of Michigan Retirement System Has $2.31 Million Position in Federal Realty Investment Trust (NYSE:FRT)

State of Michigan Retirement System lifted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,624 shares of the real estate investment trust’s stock after buying an additional 162 shares during the period. State of Michigan Retirement System’s holdings in Federal Realty Investment Trust were worth $2,309,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FRT. Oregon Public Employees Retirement Fund boosted its position in Federal Realty Investment Trust by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 110 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Federal Realty Investment Trust by 25.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Federal Realty Investment Trust by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust’s stock valued at $533,000 after buying an additional 125 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its stake in shares of Federal Realty Investment Trust by 11.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 137 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in Federal Realty Investment Trust by 11.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,436 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 142 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $101.21 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 2.20 and a beta of 1.27. The stock’s fifty day moving average price is $106.56 and its two-hundred day moving average price is $111.28. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.38% and a return on equity of 9.89%. The business had revenue of $311.44 million for the quarter, compared to the consensus estimate of $311.85 million. On average, equities analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.35%. Federal Realty Investment Trust’s payout ratio is 128.28%.

Wall Street Analysts Forecast Growth

FRT has been the topic of several analyst reports. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Wells Fargo & Company cut their target price on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. Stifel Nicolaus reduced their price target on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday, February 14th. Scotiabank dropped their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a research note on Friday, February 28th. Finally, Mizuho reduced their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a “neutral” rating for the company in a research note on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $121.00.

About Federal Realty Investment Trust

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.