State of New Jersey Common Pension Fund D Purchases 10,319 Shares of Federal Realty Investment Trust (NYSE:FRT)

State of New Jersey Common Pension Fund D boosted its position in Federal Realty Investment Trust (NYSE:FRT) by 16.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 71,467 shares of the real estate investment trust’s stock after buying an additional 10,319 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Federal Realty Investment Trust were worth $8,001,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FRT. Janus Henderson Group PLC boosted its holdings in Federal Realty Investment Trust by 1,463.8% in the third quarter. Janus Henderson Group PLC now owns 611,086 shares of the real estate investment trust’s stock valued at $70,251,000 after acquiring an additional 572,008 shares during the last quarter. FMR LLC boosted its holdings in Federal Realty Investment Trust by 667.2% in the third quarter. FMR LLC now owns 572,809 shares of the real estate investment trust’s stock valued at $65,856,000 after acquiring an additional 498,146 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Federal Realty Investment Trust by 456.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 604,890 shares of the real estate investment trust’s stock valued at $69,544,000 after acquiring an additional 496,129 shares during the last quarter. Wellington Management Group LLP bought a new position in Federal Realty Investment Trust during the third quarter worth about $26,548,000. Finally, JPMorgan Chase & Co. boosted its holdings in Federal Realty Investment Trust by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 4,885,992 shares of the real estate investment trust’s stock worth $561,743,000 after buying an additional 168,885 shares during the last quarter. Institutional investors own 93.86% of the company’s stock.

Analysts Set New Price Targets

FRT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $122.00 to $125.00 in a report on Friday, December 20th. Wells Fargo & Company reduced their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, January 29th. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Stifel Nicolaus reduced their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Scotiabank raised their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $123.23.

Federal Realty Investment Trust Trading Down 0.1 %

NYSE FRT opened at $104.92 on Wednesday. The stock’s 50-day moving average is $108.88 and its 200-day moving average is $112.07. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The firm has a market cap of $8.70 billion, a P/E ratio of 30.50, a P/E/G ratio of 2.34 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 10.01% and a net margin of 24.67%. The business had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Sell-side analysts anticipate that Federal Realty Investment Trust will post 6.77 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust’s dividend payout ratio is presently 128.28%.

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.