5 Best Dividend Stocks For Steady Growth

4. Federal Realty Investment Trust (NYSE:FRT)

Number of Hedge Fund Holders: 16 

Consecutive Years of Dividend Growth: 54    

Forward Dividend Yield: 3.46%     

Last month, Federal Realty Investment Trust (NYSE:FRT) purchased Fairfax, a shopping center in Virginia, for $34 million in cash. The firm said it expected to increase the value of the property over time by remerchandising and capital investments. The company pays a regular and healthy dividend. In early August, it declared a quarterly dividend of $1.07 per share, an increase of close to 1% from the previous dividend of $1.06 per share. 

Deutsche Bank analyst Derek Johnston had raised the price target on Federal Realty Investment Trust (NYSE:FRT) stock to $140 from $129 earlier this month, reiterating a Buy rating on the shares. 

Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm AEW Capital Management is a leading shareholder in Federal Realty Investment Trust (NYSE:FRT) with 374,347 shares worth more than $43 million.