The Louisiana State Employees Retirement System Cuts Position in Federal Realty Investment Trust (FRT)

The Louisiana State Employees Retirement System Cuts Position in Federal Realty Investment Trust (FRT)

Louisiana State Employees Retirement System decreased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 4.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,500 shares of the real estate investment trust’s stock after selling 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Federal Realty Investment Trust were worth $693,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. State Street Corp increased its stake in Federal Realty Investment Trust by 1.5% in the second quarter. State Street Corp now owns 5,216,971 shares of the real estate investment trust’s stock worth $863,668,000 after buying an additional 76,297 shares during the period. BlackRock Fund Advisors increased its stake in Federal Realty Investment Trust by 7.7% in the second quarter. BlackRock Fund Advisors now owns 2,717,833 shares of the real estate investment trust’s stock worth $449,937,000 after buying an additional 195,310 shares during the period. BlackRock Group LTD increased its stake in Federal Realty Investment Trust by 1.8% in the second quarter. BlackRock Group LTD now owns 1,069,429 shares of the real estate investment trust’s stock worth $177,045,000 after buying an additional 19,329 shares during the period. Janus Capital Management LLC increased its stake in Federal Realty Investment Trust by 110.6% in the second quarter. Janus Capital Management LLC now owns 647,848 shares of the real estate investment trust’s stock worth $107,251,000 after buying an additional 340,173 shares during the period. Finally, Lord Abbett & CO. LLC increased its stake in Federal Realty Investment Trust by 4.4% in the second quarter. Lord Abbett & CO. LLC now owns 619,555 shares of the real estate investment trust’s stock worth $102,567,000 after buying an additional 26,227 shares during the period. 89.56% of the stock is owned by hedge funds and other institutional investors.

Shares of Federal Realty Investment Trust (NYSE:FRT) traded up 0.17% during mid-day trading on Wednesday, reaching $141.53. The company’s stock had a trading volume of 289,062 shares. The company has a 50 day moving average price of $140.92 and a 200 day moving average price of $151.11. The stock has a market capitalization of $10.16 billion, a P/E ratio of 38.49 and a beta of 0.33. Federal Realty Investment Trust has a 12 month low of $134.39 and a 12 month high of $171.08.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $1.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by $0.01. Federal Realty Investment Trust had a return on equity of 10.87% and a net margin of 32.89%. The firm had revenue of $201.20 million for the quarter, compared to analysts’ expectations of $200.07 million. During the same quarter in the prior year, the business posted $1.36 earnings per share. Federal Realty Investment Trust’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Federal Realty Investment Trust will post $3.36 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $3.92 annualized dividend and a dividend yield of 2.77%. Federal Realty Investment Trust’s dividend payout ratio is 106.81%.

A number of equities research analysts have issued reports on FRT shares. Jefferies Group reissued a “hold” rating on shares of Federal Realty Investment Trust in a research report on Wednesday, November 9th. Zacks Investment Research downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 3rd. Citigroup Inc. raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 13th. Mizuho reissued a “buy” rating on shares of Federal Realty Investment Trust in a research report on Friday, December 23rd. Finally, Boenning Scattergood downgraded Federal Realty Investment Trust from an “outperform” rating to a “neutral” rating in a research report on Monday, October 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $160.80.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT) engaged in the ownership, management, and redevelopment of retail and mixed-use properties. The Trust owns or holds interests in community and neighborhood shopping centers and mixed-use properties, which are operated as approximately 90 retail real estate projects consisting approximately 21.4 million square feet, located primarily in the Northeast and Mid-Atlantic regions of the United States, as well as in California.

Want to see what other hedge funds are holding FRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Realty Investment Trust (NYSE:FRT).

Related posts

Leave a Comment