State of Michigan Retirement System Purchases 162 Shares of Federal Realty Investment Trust (NYSE:FRT)

State of Michigan Retirement System raised its position in Federal Realty Investment Trust (NYSE:FRT) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,624 shares of the real estate investment trust’s stock after buying an additional 162 shares during the quarter. State of Michigan Retirement System’s holdings in Federal Realty Investment Trust were worth $2,309,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in Federal Realty Investment Trust in the third quarter valued at approximately $36,000. Venturi Wealth Management LLC lifted its stake in Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 333 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Federal Realty Investment Trust by 25.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 111 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its holdings in shares of Federal Realty Investment Trust by 11.5% in the 4th quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 137 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Federal Realty Investment Trust by 14.5% in the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $159,000 after purchasing an additional 175 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

Federal Realty Investment Trust Stock Up 0.3 %

Shares of NYSE:FRT opened at $101.21 on Friday. The firm has a market cap of $8.67 billion, a P/E ratio of 29.51, a P/E/G ratio of 2.20 and a beta of 1.27. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The business has a fifty day simple moving average of $106.56 and a 200 day simple moving average of $111.28. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, meeting the consensus estimate of $1.73. The company had revenue of $311.44 million during the quarter, compared to analysts’ expectations of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. Analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.35%. Federal Realty Investment Trust’s payout ratio is 128.28%.

Analyst Upgrades and Downgrades

FRT has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. Stifel Nicolaus reduced their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Scotiabank lowered their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

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.