State of New Jersey Common Pension Fund D Buys 10,319 Shares of Federal Realty Investment Trust (NYSE:FRT)

State of New Jersey Common Pension Fund D grew its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,467 shares of the real estate investment trust's stock after purchasing an additional 10,319 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.09% of Federal Realty Investment Trust worth $8,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NBC Securities Inc. raised its stake in Federal Realty Investment Trust by 81.7% in the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 107 shares during the period. CWM LLC increased its holdings in shares of Federal Realty Investment Trust by 10.9% during the 3rd quarter. CWM LLC now owns 1,121 shares of the real estate investment trust's stock worth $129,000 after acquiring an additional 110 shares during the last quarter. Park Avenue Securities LLC raised its stake in 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 valued at $533,000 after acquiring an additional 125 shares during the period. Jackson Grant Investment Advisers Inc. lifted its holdings in Federal Realty Investment Trust by 11.5% during 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 during the last quarter. Finally, Stephens Inc. AR boosted its position in Federal Realty Investment Trust by 3.6% during the fourth quarter. Stephens Inc. AR now owns 4,196 shares of the real estate investment trust's stock worth $470,000 after purchasing an additional 144 shares during the period. Institutional investors own 93.86% of the company's stock.

Federal Realty Investment Trust Price Performance

FRT traded down $0.25 on Friday, hitting $104.29. 620,860 shares of the stock were exchanged, compared to its average volume of 737,499. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 2.21 and a beta of 1.24. 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 12 month low of $95.97 and a 12 month high of $118.34. The business has a 50-day moving average of $108.40 and a two-hundred day moving average of $111.91.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS 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 net margin of 24.38% and a return on equity of 9.89%. Sell-side 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. Investors of record on Tuesday, April 1st will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 4.22%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 128.28%.

Analysts Set New Price Targets

FRT has been the topic of several research analyst reports. Raymond James lowered their price target 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. Wells Fargo & Company dropped their price target on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, January 29th. Scotiabank boosted their price target on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research report on Friday. Finally, Stifel Nicolaus reduced their target price on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, Federal Realty Investment Trust presently has an average rating of "Moderate Buy" and a consensus target price of $123.23.

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.