Oregon Public Employees Retirement Fund Sells 687 Shares of Federal Realty Investment Trust (NYSE:FRT)

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Oregon Public Employees Retirement Fund trimmed its stake in shares of Federal Realty Investment Trust (NYSE:FRT) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,240 shares of the real estate investment trust’s stock after selling 687 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Federal Realty Investment Trust were worth $532,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FRT. Bartlett & Co. LLC bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter valued at $34,000. Capital Square LLC bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter valued at $39,000. CWM Advisors LLC bought a new stake in shares of Federal Realty Investment Trust during the 1st quarter valued at $53,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Federal Realty Investment Trust by 93.5% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 828 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 400 shares during the period. Finally, Ellis Investment Partners LLC bought a new stake in shares of Federal Realty Investment Trust during the 2nd quarter valued at $66,000. Institutional investors own 84.00% of the company’s stock.

Several research firms recently commented on FRT. Odeon Capital Group began coverage on Federal Realty Investment Trust in a research report on Wednesday, April 8th. They set a “buy” rating and a $105.00 target price for the company. Piper Sandler boosted their target price on Federal Realty Investment Trust from $85.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Robert W. Baird upgraded Federal Realty Investment Trust from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $48.00 in a research report on Friday, July 24th. ValuEngine upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, BMO Capital Markets began coverage on Federal Realty Investment Trust in a research report on Tuesday, July 21st. They set a “hold” rating and a $89.00 target price for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $105.50.

Shares of FRT stock opened at $76.30 on Friday. The stock has a market capitalization of $5.77 billion, a PE ratio of 16.92, a P/E/G ratio of 6.28 and a beta of 0.92. Federal Realty Investment Trust has a 1-year low of $64.11 and a 1-year high of $141.35. The business has a 50-day moving average of $82.12 and a 200 day moving average of $94.18. The company has a debt-to-equity ratio of 1.84, a current ratio of 4.79 and a quick ratio of 4.79.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.83). The company had revenue of $231.56 million for the quarter, compared to analysts’ expectations of $229.66 million. Federal Realty Investment Trust had a net margin of 37.27% and a return on equity of 14.40%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.56 earnings per share. Analysts anticipate that Federal Realty Investment Trust will post 5.36 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Monday, June 22nd were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend was Friday, June 19th. Federal Realty Investment Trust’s dividend payout ratio is presently 66.35%.

Federal Realty Investment Trust Company 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 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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