California Public Employees Retirement System Has $16.67 Million Position in Federal Realty Investment Trust (NYSE:FRT)

California Public Employees Retirement System lessened its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,858 shares of the real estate investment trust's stock after selling 4,729 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Federal Realty Investment Trust worth $16,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its position in Federal Realty Investment Trust by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 110 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Federal Realty Investment Trust by 25.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 111 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Federal Realty Investment Trust by 2.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust's stock worth $533,000 after buying an additional 125 shares in the last quarter. Keybank National Association OH boosted its stake in Federal Realty Investment Trust by 5.1% in the 4th quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust's stock valued at $293,000 after buying an additional 128 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. grew its position in Federal Realty Investment Trust by 11.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust's stock valued at $149,000 after acquiring an additional 137 shares during the period. 93.86% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several brokerages have recently commented on FRT. Scotiabank reduced their target price on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating on the stock in a research note on Friday, February 28th. Stifel Nicolaus decreased their price objective 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. Wells Fargo & Company cut their target price on shares of Federal Realty Investment Trust from $125.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Mizuho reduced their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, StockNews.com raised Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $116.00.

Federal Realty Investment Trust Trading Up 8.2 %

Shares of FRT stock traded up $6.84 on Wednesday, reaching $90.40. 1,783,633 shares of the stock were exchanged, compared to its average volume of 669,109. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $118.34. The stock has a market cap of $7.75 billion, a PE ratio of 26.36, a P/E/G ratio of 2.20 and a beta of 1.08. The stock has a 50 day moving average price of $100.56 and a 200 day moving average price of $107.72.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $311.44 million during the quarter, compared to analysts' expectations of $311.85 million. Equities research analysts forecast that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.87%. Federal Realty Investment Trust's payout ratio is presently 128.28%.

Federal Realty Investment Trust Company Profile

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.