Federal Realty Investment Trust (NYSE:FRT) Stock Position Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Federal Realty Investment Trust (NYSE:FRT) by 9.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 295,203 shares of the real estate investment trust’s stock after selling 31,133 shares during the period. Victory Capital Management Inc.’s holdings in Federal Realty Investment Trust were worth $33,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. NBC Securities Inc. boosted its position in shares of Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 107 shares during the period. Family Firm Inc. acquired a new position in Federal Realty Investment Trust during the 2nd quarter valued at about $33,000. Blue Trust Inc. raised its position in shares of Federal Realty Investment Trust by 885.7% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 310 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Federal Realty Investment Trust in the 2nd quarter worth approximately $42,000. Finally, Eastern Bank bought a new position in shares of Federal Realty Investment Trust in the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Price Performance

NYSE FRT opened at $113.54 on Friday. The company has a 50 day simple moving average of $113.58 and a 200-day simple moving average of $108.64. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 33.01, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. Federal Realty Investment Trust has a 52-week low of $90.84 and a 52-week high of $118.34. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.56 and a quick ratio of 1.56.

Federal Realty Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 dividend on an annualized basis and a yield of 3.88%. Federal Realty Investment Trust’s payout ratio is 127.91%.

Insider Activity

In related news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FRT has been the subject of a number of research analyst reports. Piper Sandler upped their target price on Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Evercore ISI upped their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company lifted their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Truist Financial upped their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.85.

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.