Employees Retirement System of Texas Has $7.95 Million Holdings in Federal Realty Investment Trust (NYSE:FRT)

Employees Retirement System of Texas lifted its position in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 20.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,000 shares of the real estate investment trust's stock after purchasing an additional 12,000 shares during the period. Employees Retirement System of Texas owned 0.09% of Federal Realty Investment Trust worth $7,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cerity Partners LLC raised its stake in Federal Realty Investment Trust by 47.0% in the third quarter. Cerity Partners LLC now owns 4,382 shares of the real estate investment trust's stock valued at $504,000 after buying an additional 1,401 shares during the period. Benjamin Edwards Inc. bought a new stake in Federal Realty Investment Trust in the 3rd quarter valued at $747,000. HighTower Advisors LLC lifted its holdings in Federal Realty Investment Trust by 14.7% during the 3rd quarter. HighTower Advisors LLC now owns 34,586 shares of the real estate investment trust's stock valued at $3,978,000 after purchasing an additional 4,441 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Federal Realty Investment Trust by 771.9% during the third quarter. Point72 Asset Management L.P. now owns 26,200 shares of the real estate investment trust's stock worth $3,012,000 after purchasing an additional 23,195 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in shares of Federal Realty Investment Trust by 23.0% in the third quarter. Quantinno Capital Management LP now owns 29,826 shares of the real estate investment trust's stock valued at $3,429,000 after purchasing an additional 5,575 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

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Federal Realty Investment Trust Price Performance

NYSE FRT traded up $1.32 on Friday, hitting $90.28. 949,417 shares of the company's stock were exchanged, compared to its average volume of 672,923. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.34. The stock has a 50-day moving average of $99.81 and a 200-day moving average of $107.37. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 26.32, a P/E/G ratio of 2.20 and a beta of 1.08.

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

Federal Realty Investment Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FRT. Mizuho reduced their target price on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating for the company in a report on Tuesday, February 25th. Raymond James reduced their price objective on Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Truist Financial lowered shares of Federal Realty Investment Trust from a "buy" rating to a "hold" rating and lowered their price target for the stock from $114.00 to $105.00 in a research report on Thursday, March 13th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Federal Realty Investment Trust presently has a consensus rating of "Moderate Buy" and an average price target of $116.00.

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.