Victory Capital Management Inc. Has $35.28 Million Position in Federal Realty Investment Trust (NYSE:FRT)

Victory Capital Management Inc. lifted its stake in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 360,663 shares of the real estate investment trust's stock after purchasing an additional 33,239 shares during the quarter. Victory Capital Management Inc. owned 0.42% of Federal Realty Investment Trust worth $35,280,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Park Square Financial Group LLC bought a new stake in Federal Realty Investment Trust during the fourth quarter worth $30,000. Versant Capital Management Inc grew its position in Federal Realty Investment Trust by 82.3% during the first quarter. Versant Capital Management Inc now owns 288 shares of the real estate investment trust's stock worth $28,000 after buying an additional 130 shares in the last quarter. CX Institutional purchased a new position in Federal Realty Investment Trust during the first quarter worth about $44,000. Kapitalo Investimentos Ltda bought a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at about $51,000. Finally, Brown Brothers Harriman & Co. increased its position in shares of Federal Realty Investment Trust by 592.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 692 shares of the real estate investment trust's stock valued at $77,000 after purchasing an additional 592 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FRT. Wall Street Zen cut Federal Realty Investment Trust from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Scotiabank restated an "outperform" rating on shares of Federal Realty Investment Trust in a research note on Wednesday, May 21st. JPMorgan Chase & Co. lowered Federal Realty Investment Trust from an "overweight" rating to a "neutral" rating and set a $108.00 price objective for the company. in a report on Monday, June 23rd. Raymond James Financial lowered their price objective on Federal Realty Investment Trust from $117.00 to $110.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. Finally, Mizuho decreased their price objective on Federal Realty Investment Trust from $107.00 to $96.00 and set a "neutral" rating on the stock in a research report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $111.29.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock traded down $0.08 during midday trading on Thursday, reaching $95.55. 125,321 shares of the stock traded hands, compared to its average volume of 762,624. Federal Realty Investment Trust has a fifty-two week low of $80.65 and a fifty-two week high of $118.34. The firm has a fifty day moving average price of $95.25 and a two-hundred day moving average price of $98.33. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.46. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.84 and a beta of 1.09.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.01. Federal Realty Investment Trust had a net margin of 24.77% and a return on equity of 9.97%. The firm had revenue of $302.29 million during the quarter, compared to analysts' expectations of $307.55 million. During the same quarter last year, the company posted $1.64 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast 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 was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st were issued a $1.10 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $4.40 annualized dividend and a dividend yield of 4.60%. Federal Realty Investment Trust's dividend payout ratio is currently 126.07%.

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.