Federal Realty Investment Trust (NYSE:FRT) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its holdings in Federal Realty Investment Trust (NYSE:FRT) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,865 shares of the real estate investment trust’s stock after selling 6,415 shares during the period. PNC Financial Services Group Inc.’s holdings in Federal Realty Investment Trust were worth $3,181,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Federal Realty Investment Trust by 20.3% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 574 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 97 shares in the last quarter. State of Michigan Retirement System raised its position in shares of Federal Realty Investment Trust by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 20,162 shares of the real estate investment trust’s stock valued at $2,078,000 after acquiring an additional 100 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Federal Realty Investment Trust by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 36,527 shares of the real estate investment trust’s stock valued at $3,310,000 after acquiring an additional 130 shares in the last quarter. Mariner LLC raised its position in shares of Federal Realty Investment Trust by 2.2% during the 3rd quarter. Mariner LLC now owns 6,264 shares of the real estate investment trust’s stock valued at $568,000 after acquiring an additional 134 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Federal Realty Investment Trust by 57.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 421 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 154 shares in the last quarter. 93.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FRT has been the topic of several research reports. Evercore ISI dropped their price target on Federal Realty Investment Trust from $115.00 to $114.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. Truist Financial lowered their price objective on Federal Realty Investment Trust from $117.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, May 20th. Wells Fargo & Company upped their price objective on Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Bank of America upped their price objective on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Scotiabank upped their price objective on Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and an average target price of $114.00.

Federal Realty Investment Trust Trading Up 0.5 %

NYSE:FRT opened at $100.99 on Thursday. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $107.61. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 2.01 and a beta of 1.21. The business has a fifty day moving average of $101.04 and a 200-day moving average of $101.30. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.69 and a current ratio of 1.69.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be paid a dividend of $1.09 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $4.36 annualized dividend and a yield of 4.32%. Federal Realty Investment Trust’s dividend payout ratio is currently 155.16%.

Federal Realty Investment Trust 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.