PNC Financial Services Group Inc. Raises Stock Position in Federal Realty Investment Trust $FRT

PNC Financial Services Group Inc. grew its holdings in shares of Federal Realty Investment Trust (NYSE:FRT) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,501 shares of the real estate investment trust’s stock after purchasing an additional 4,357 shares during the period. PNC Financial Services Group Inc.’s holdings in Federal Realty Investment Trust were worth $4,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC grew its position in shares of Federal Realty Investment Trust by 5.7% during the third quarter. ProShare Advisors LLC now owns 1,797,002 shares of the real estate investment trust’s stock worth $182,054,000 after buying an additional 96,271 shares in the last quarter. Truist Financial Corp grew its position in shares of Federal Realty Investment Trust by 496.2% during the third quarter. Truist Financial Corp now owns 129,198 shares of the real estate investment trust’s stock worth $13,089,000 after buying an additional 107,529 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Federal Realty Investment Trust by 173.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,791 shares of the real estate investment trust’s stock worth $1,541,000 after buying an additional 10,021 shares in the last quarter. Knights of Columbus Asset Advisors LLC acquired a new position in shares of Federal Realty Investment Trust during the third quarter worth about $972,000. Finally, Centersquare Investment Management LLC grew its position in shares of Federal Realty Investment Trust by 2.2% during the third quarter. Centersquare Investment Management LLC now owns 1,270,854 shares of the real estate investment trust’s stock worth $128,750,000 after buying an additional 27,306 shares in the last quarter. 93.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on FRT. Evercore set a $110.00 price objective on Federal Realty Investment Trust in a research report on Monday, May 4th. Scotiabank boosted their price objective on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Truist Financial boosted their price objective on Federal Realty Investment Trust from $111.00 to $112.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings raised Federal Realty Investment Trust from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Finally, Citigroup boosted their price objective on Federal Realty Investment Trust from $106.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $116.23.

Federal Realty Investment Trust Stock Performance

Shares of Federal Realty Investment Trust stock opened at $119.83 on Tuesday. The firm has a market capitalization of $10.35 billion, a P/E ratio of 20.80, a P/E/G ratio of 4.53 and a beta of 0.92. Federal Realty Investment Trust has a 52 week low of $89.99 and a 52 week high of $120.20. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.51. The firm’s 50 day moving average is $110.21 and its two-hundred day moving average is $104.82.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, July 1st. Federal Realty Investment Trust’s dividend payout ratio is currently 78.47%.

About Federal Realty Investment Trust

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.