Victory Capital Management Inc. Purchases 15,173 Shares of Federal Realty Investment Trust (NYSE:FRT)

Victory Capital Management Inc. increased its holdings in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,472 shares of the real estate investment trust's stock after acquiring an additional 15,173 shares during the period. Victory Capital Management Inc. owned about 0.34% of Federal Realty Investment Trust worth $28,903,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of FRT. Anchor Investment Management LLC purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $28,000. Parkside Financial Bank & Trust raised its stake in shares of Federal Realty Investment Trust by 57.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 421 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 154 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Federal Realty Investment Trust by 20.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 97 shares during the last quarter. ZRC Wealth Management LLC bought a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at approximately $72,000. Finally, Signaturefd LLC increased its holdings in Federal Realty Investment Trust by 25.2% in the fourth quarter. Signaturefd LLC now owns 840 shares of the real estate investment trust's stock worth $87,000 after buying an additional 169 shares during the last quarter. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on FRT shares. Evercore ISI decreased their target price on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday, May 3rd. Truist Financial reissued a "buy" rating and set a $117.00 target price on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a "hold" rating to a "buy" rating and boosted their price target for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Scotiabank lowered their price objective on Federal Realty Investment Trust from $110.00 to $109.00 and set a "sector outperform" rating on the stock in a report on Wednesday, February 28th. Finally, Mizuho reduced their target price on Federal Realty Investment Trust from $104.00 to $101.00 and set a "neutral" rating for the company in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $113.30.

Federal Realty Investment Trust Stock Performance

NYSE FRT traded down $0.98 during trading on Wednesday, hitting $102.11. The company's stock had a trading volume of 340,005 shares, compared to its average volume of 662,943. Federal Realty Investment Trust has a 52 week low of $85.27 and a 52 week high of $107.61. The firm has a market cap of $8.47 billion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The firm has a 50 day moving average price of $100.95 and a 200 day moving average price of $99.43. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.34% and a net margin of 20.55%. The company had revenue of $291.50 million for the quarter, compared to the consensus estimate of $292.05 million. During the same period last year, the firm posted $1.58 EPS. The company's revenue was up 4.2% compared to the same quarter last year. Equities research analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust's dividend payout ratio (DPR) is presently 155.16%.

Federal Realty Investment Trust Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.