Federal Realty Investment Trust $FRT Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Federal Realty Investment Trust (NYSE:FRT) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,501 shares of the real estate investment trust’s stock after acquiring an additional 4,357 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.06% of Federal Realty Investment Trust worth $4,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FRT. Park Square Financial Group LLC acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter valued at about $25,000. Turning Point Benefit Group Inc. boosted its position in shares of Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 241 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Federal Realty Investment Trust by 88.7% during the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 126 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Federal Realty Investment Trust by 937.5% during the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Federal Realty Investment Trust Stock Up 0.1%

Shares of NYSE:FRT opened at $119.83 on Tuesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $10.35 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 4.53 and a beta of 0.92. The firm’s 50-day moving average is $110.21 and its two-hundred day moving average is $104.82. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $120.20.

Federal Realty Investment Trust Announces Dividend

The firm 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 dividend of $1.13 per share. The ex-dividend date is Wednesday, July 1st. This represents a $4.52 dividend on an annualized basis and a yield of 3.8%. Federal Realty Investment Trust’s dividend payout ratio is 78.47%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FRT. Piper Sandler boosted their price target on shares of Federal Realty Investment Trust from $115.00 to $127.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. boosted their price target on shares of Federal Realty Investment Trust from $115.00 to $124.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. UBS Group boosted their price target on shares of Federal Realty Investment Trust from $103.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, May 18th. Truist Financial boosted their price target on shares of Federal Realty Investment Trust from $111.00 to $112.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Finally, Evercore set a $110.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $116.23.

Federal Realty Investment Trust Profile

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.