Victory Capital Management Inc. Buys 32,221 Shares of Federal Realty Investment Trust (NYSE:FRT)

Victory Capital Management Inc. raised its holdings in shares of Federal Realty Investment Trust (NYSE:FRT - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 327,424 shares of the real estate investment trust's stock after buying an additional 32,221 shares during the period. Victory Capital Management Inc. owned about 0.39% of Federal Realty Investment Trust worth $36,655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group purchased a new stake in Federal Realty Investment Trust during the 3rd quarter valued at about $36,000. Venturi Wealth Management LLC boosted its stake in shares of Federal Realty Investment Trust by 244.9% during the fourth quarter. Venturi Wealth Management LLC now owns 469 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 333 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 111 shares during the last quarter. Jackson Grant Investment Advisers Inc. increased its stake in shares of Federal Realty Investment Trust by 11.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust's stock worth $149,000 after buying an additional 137 shares during the period. Finally, Blue Trust Inc. raised its holdings in Federal Realty Investment Trust by 14.5% during the 4th quarter. Blue Trust Inc. now owns 1,380 shares of the real estate investment trust's stock valued at $159,000 after buying an additional 175 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

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Federal Realty Investment Trust Stock Down 2.6 %

FRT traded down $2.49 during midday trading on Thursday, reaching $94.63. The company's stock had a trading volume of 1,021,780 shares, compared to its average volume of 729,945. The stock's 50-day moving average is $105.77 and its 200-day moving average is $110.93. Federal Realty Investment Trust has a 1 year low of $94.58 and a 1 year high of $118.34. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.20 and a beta of 1.27. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The firm had revenue of $311.44 million during the quarter, compared to analyst estimates of $311.85 million. As a group, research analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be issued a $1.10 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $4.40 annualized dividend and a yield of 4.65%. Federal Realty Investment Trust's payout ratio is 128.28%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FRT shares. Mizuho cut their price target on shares of Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company cut their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 29th. StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Scotiabank cut their price objective on Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating on the stock in a research report on Friday, February 28th. Finally, Stifel Nicolaus decreased their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $119.77.

About Federal Realty Investment Trust

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.