Retirement Systems of Alabama Lowers Holdings in Federal Realty Investment Trust (NYSE:FRT)

Retirement Systems of Alabama decreased its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 12.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,526 shares of the real estate investment trust’s stock after selling 4,406 shares during the quarter. Retirement Systems of Alabama’s holdings in Federal Realty Investment Trust were worth $4,156,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FRT. BB&T Securities LLC grew its stake in Federal Realty Investment Trust by 6.2% in the third quarter. BB&T Securities LLC now owns 1,828 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 107 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Federal Realty Investment Trust during the 3rd quarter worth $68,000. Steward Partners Investment Advisory LLC grew its holdings in Federal Realty Investment Trust by 3.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 4,520 shares of the real estate investment trust’s stock worth $615,000 after acquiring an additional 161 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Federal Realty Investment Trust by 7.1% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,726 shares of the real estate investment trust’s stock worth $235,000 after acquiring an additional 114 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Federal Realty Investment Trust by 32.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,300 shares of the real estate investment trust’s stock worth $1,266,000 after acquiring an additional 2,252 shares in the last quarter. Institutional investors and hedge funds own 89.16% of the company’s stock.

A number of analysts recently commented on the stock. Compass Point assumed coverage on shares of Federal Realty Investment Trust in a report on Thursday, August 15th. They issued a “buy” rating and a $142.00 target price on the stock. Sandler O’Neill downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $150.00 to $145.00 in a report on Friday, November 1st. They noted that the move was a valuation call. Mizuho upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 target price on the stock in a report on Friday, September 13th. Zacks Investment Research downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 target price on the stock. in a report on Tuesday, October 22nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Federal Realty Investment Trust has a consensus rating of “Buy” and a consensus target price of $144.00.

Federal Realty Investment Trust stock opened at $131.48 on Friday. The firm’s 50 day simple moving average is $136.23 and its 200-day simple moving average is $132.63. The company has a market cap of $9.97 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 4.34 and a beta of 0.43. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.52 and a quick ratio of 1.52. Federal Realty Investment Trust has a fifty-two week low of $115.09 and a fifty-two week high of $141.35.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.84 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.75). The firm had revenue of $233.90 million during the quarter, compared to analysts’ expectations of $231.88 million. Federal Realty Investment Trust had a return on equity of 11.09% and a net margin of 28.01%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $1.58 earnings per share. On average, analysts expect that Federal Realty Investment Trust will post 6.36 EPS for the current fiscal year.

The business 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 dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 31st. Federal Realty Investment Trust’s payout ratio is currently 67.42%.

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 densely populated, affluent communities where retail demand exceeds supply.

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

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