VIRGINIA RETIREMENT SYSTEMS ET Al Invests $3.03 Million in Federal Realty Investment Trust $FRT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Federal Realty Investment Trust (NYSE:FRT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 31,900 shares of the real estate investment trust’s stock, valued at approximately $3,030,000.

Other hedge funds have also recently made changes to their positions in the company. Hilltop National Bank bought a new position in Federal Realty Investment Trust in the 2nd quarter valued at approximately $28,000. GKV Capital Management Co. Inc. bought a new position in shares of Federal Realty Investment Trust during the 1st quarter valued at $30,000. Federated Hermes Inc. lifted its holdings in shares of Federal Realty Investment Trust by 143.9% during the 1st quarter. Federated Hermes Inc. now owns 339 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 200 shares during the period. Dagco Inc. bought a new position in shares of Federal Realty Investment Trust during the 1st quarter valued at $34,000. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth $48,000. 93.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on FRT. Scotiabank boosted their target price on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft set a $105.00 price objective on shares of Federal Realty Investment Trust and gave the stock a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Federal Realty Investment Trust in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price target on shares of Federal Realty Investment Trust from $113.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Finally, Evercore ISI cut their price objective on shares of Federal Realty Investment Trust from $107.00 to $106.00 and set an “in-line” rating on the stock in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.50.

Federal Realty Investment Trust Trading Up 0.6%

NYSE FRT opened at $99.57 on Tuesday. The company has a market capitalization of $8.59 billion, a PE ratio of 25.21, a P/E/G ratio of 3.91 and a beta of 1.15. The company has a fifty day moving average of $98.78 and a 200 day moving average of $95.77. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.09. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.18. The company had revenue of $302.48 million during the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.69 earnings per share. Research analysts forecast that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st were given a dividend of $1.13 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.10. This represents a $4.52 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Wednesday, October 1st. Federal Realty Investment Trust’s payout ratio is presently 114.43%.

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.