Federal Realty Investment Trust (NYSE:FRT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295,203 shares of the real estate investment trust's stock after selling 31,133 shares during the quarter. Victory Capital Management Inc. owned approximately 0.36% of Federal Realty Investment Trust worth $33,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FRT. Vanguard Group Inc. raised its position in shares of Federal Realty Investment Trust by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 12,731,109 shares of the real estate investment trust's stock valued at $1,300,101,000 after buying an additional 193,740 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Federal Realty Investment Trust by 4.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,994,209 shares of the real estate investment trust's stock worth $201,355,000 after purchasing an additional 90,395 shares during the period. ProShare Advisors LLC lifted its stake in Federal Realty Investment Trust by 2.2% in the second quarter. ProShare Advisors LLC now owns 1,732,026 shares of the real estate investment trust's stock worth $174,883,000 after purchasing an additional 36,880 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Federal Realty Investment Trust by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,138,967 shares of the real estate investment trust's stock valued at $115,000,000 after buying an additional 8,933 shares during the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in shares of Federal Realty Investment Trust by 571.1% in the second quarter. Westwood Holdings Group Inc. now owns 642,446 shares of the real estate investment trust's stock worth $64,868,000 after buying an additional 546,711 shares during the period. 93.86% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Stock Up 0.1 %

NYSE:FRT opened at $113.54 on Friday. The company's 50-day simple moving average is $113.58 and its 200-day simple moving average is $108.64. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. Federal Realty Investment Trust has a fifty-two week low of $90.84 and a fifty-two week high of $118.34. The stock has a market capitalization of $9.42 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.15 and a beta of 1.24.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 annualized dividend and a yield of 3.88%. Federal Realty Investment Trust's dividend payout ratio (DPR) is 127.91%.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 5,937 shares of the firm's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on FRT. Citigroup upgraded shares of Federal Realty Investment Trust from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $120.00 to $135.00 in a report on Friday, September 13th. Raymond James boosted their price target on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, August 16th. Compass Point raised their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. lifted their target price on Federal Realty Investment Trust from $121.00 to $122.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. Finally, Truist Financial raised their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $122.85.

About Federal Realty Investment Trust

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.