Federal Realty Investment Trust $FRT Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRTFree Report) by 23.4% during the first quarter, Holdings Channel reports. The firm owned 56,967 shares of the real estate investment trust’s stock after purchasing an additional 10,800 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Federal Realty Investment Trust were worth $6,050,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FRT. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $25,000. Turning Point Benefit Group Inc. raised its holdings in Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 241 shares during the period. True Wealth Design LLC raised its holdings in Federal Realty Investment Trust by 88.7% during the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 126 shares during the period. Private Trust Co. NA raised its holdings in Federal Realty Investment Trust by 937.5% during the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in Federal Realty Investment Trust during the third quarter valued at about $35,000. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Trading Up 0.3%

NYSE FRT opened at $122.23 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a 1-year low of $89.99 and a 1-year high of $126.41. The firm’s fifty day simple moving average is $120.36 and its 200-day simple moving average is $110.84. The company has a market capitalization of $10.56 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 2.90 and a beta of 0.93.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $1.13 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.7%. Federal Realty Investment Trust’s payout ratio is 78.47%.

Analyst Upgrades and Downgrades

FRT has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Federal Realty Investment Trust from $118.00 to $127.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Raymond James Financial restated an “outperform” rating and set a $135.00 price target on shares of Federal Realty Investment Trust in a report on Monday, June 29th. Barclays upped their price target on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 27th. Wells Fargo & Company raised their price objective on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Evercore set a $122.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.94.

Check Out Our Latest Stock Analysis on FRT

About Federal Realty Investment Trust

(Free Report)

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.

See Also

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRTFree Report).

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

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