Illinois Municipal Retirement Fund Raises Stock Position in Federal Realty Investment Trust (NYSE:FRT)

Illinois Municipal Retirement Fund grew its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 39.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,890 shares of the real estate investment trust's stock after purchasing an additional 3,387 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Federal Realty Investment Trust were worth $1,331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FRT. Brooklyn Investment Group acquired a new stake in Federal Realty Investment Trust during the 3rd quarter worth approximately $36,000. Venturi Wealth Management LLC raised its stake in shares of Federal Realty Investment Trust by 244.9% in the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 333 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of 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 in the last quarter. Blue Trust Inc. boosted its holdings in Federal Realty Investment Trust by 14.5% in the fourth 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 period. Finally, Global Retirement Partners LLC grew its stake in Federal Realty Investment Trust by 11.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,436 shares of the real estate investment trust's stock worth $161,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

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Federal Realty Investment Trust Stock Performance

Shares of FRT traded up $0.53 during midday trading on Wednesday, reaching $103.55. 693,224 shares of the stock were exchanged, compared to its average volume of 725,796. Federal Realty Investment Trust has a twelve month low of $95.97 and a twelve month high of $118.34. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 2.20 and a beta of 1.24. The business's 50-day moving average price is $107.18 and its 200 day moving average price is $111.49.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting the consensus estimate of $1.73. The company had revenue of $311.44 million for the quarter, compared to analyst estimates of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. On average, sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

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 of this dividend is Tuesday, April 1st. This represents a $4.40 dividend on an annualized basis and a yield of 4.25%. Federal Realty Investment Trust's dividend payout ratio is presently 128.28%.

Analyst Ratings Changes

A number of research firms have issued reports on FRT. Wells Fargo & Company reduced their price target on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 29th. 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 report on Friday, February 28th. Mizuho lowered their price target 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 shares of Federal Realty Investment Trust from $125.00 to $117.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Finally, StockNews.com raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $121.85.

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.