Victory Capital Management Inc. Has $28.90 Million Holdings in Federal Realty Investment Trust (NYSE:FRT)

Victory Capital Management Inc. boosted its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,472 shares of the real estate investment trust’s stock after purchasing an additional 15,173 shares during the period. Victory Capital Management Inc. owned 0.34% of Federal Realty Investment Trust worth $28,903,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Anchor Investment Management LLC bought a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $28,000. Parkside Financial Bank & Trust grew its holdings in 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 acquiring an additional 154 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in Federal Realty Investment Trust by 20.3% in 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 acquiring an additional 97 shares in the last quarter. ZRC Wealth Management LLC bought a new position in shares of Federal Realty Investment Trust in the fourth quarter worth about $72,000. Finally, Signaturefd LLC lifted its position in shares of Federal Realty Investment Trust by 25.2% during the fourth quarter. Signaturefd LLC now owns 840 shares of the real estate investment trust’s stock worth $87,000 after purchasing an additional 169 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $109.00 to $110.00 in a report on Monday, April 22nd. Mizuho decreased their price target on Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Evercore ISI dropped their price objective on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating for the company in a report on Friday, May 3rd. Truist Financial reaffirmed a “buy” rating and issued a $117.00 target price on shares of Federal Realty Investment Trust in a research note on Monday, March 25th. Finally, Scotiabank cut their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus price target of $113.30.

Federal Realty Investment Trust Trading Up 1.0 %

NYSE:FRT opened at $103.11 on Wednesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69. The business’s 50-day simple moving average is $100.95 and its 200-day simple moving average is $99.43. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $107.61. The stock has a market capitalization of $8.55 billion, a PE ratio of 36.69, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.55% and a return on equity of 8.34%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $292.05 million. During the same period in the previous year, the firm posted $1.58 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts expect 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. Shareholders of record on Friday, June 21st will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 155.16%.

Federal Realty Investment Trust Company 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.