Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in Federal Realty Investment Trust (NYSE:FRT) by 7.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,540 shares of the real estate investment trust’s stock after selling 419 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Federal Realty Investment Trust were worth $637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Federal Realty Investment Trust by 8.7% during the third quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock worth $10,727,000 after buying an additional 7,501 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter worth $1,322,000. Edgestream Partners L.P. acquired a new position in shares of Federal Realty Investment Trust in the 2nd quarter worth $1,981,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Federal Realty Investment Trust by 2,190.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,153 shares of the real estate investment trust’s stock worth $520,000 after purchasing an additional 4,928 shares during the period. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Federal Realty Investment Trust during the third quarter worth $747,000. 93.86% of the stock is currently owned by institutional investors.

Federal Realty Investment Trust Stock Performance

Shares of FRT stock opened at $109.93 on Thursday. Federal Realty Investment Trust has a fifty-two week low of $95.97 and a fifty-two week high of $118.34. The stock’s 50-day moving average is $113.63 and its two-hundred day moving average is $110.73. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $9.12 billion, a P/E ratio of 31.96, a PEG ratio of 2.14 and a beta of 1.24.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $1.10 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 4.00%. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FRT shares. Scotiabank lifted their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. lifted their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Truist Financial upped their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Citigroup upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Finally, StockNews.com lowered Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.38.

Federal Realty Investment Trust Profile

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 communities where retail demand exceeds supply.