PNC Financial Services Group Inc. Grows Position in Federal Realty Investment Trust (NYSE:FRT)

PNC Financial Services Group Inc. increased its position in Federal Realty Investment Trust (NYSE:FRT - Free Report) by 33.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,924 shares of the real estate investment trust's stock after buying an additional 10,498 shares during the quarter. PNC Financial Services Group Inc. owned 0.05% of Federal Realty Investment Trust worth $4,693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Federal Realty Investment Trust by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,554 shares of the real estate investment trust's stock valued at $734,000 after buying an additional 110 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Federal Realty Investment Trust by 25.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 555 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 111 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Federal Realty Investment Trust by 2.7% in the fourth quarter. Park Avenue Securities LLC now owns 4,758 shares of the real estate investment trust's stock valued at $533,000 after acquiring an additional 125 shares during the last quarter. Keybank National Association OH boosted its holdings in Federal Realty Investment Trust by 5.1% in the fourth quarter. Keybank National Association OH now owns 2,616 shares of the real estate investment trust's stock valued at $293,000 after acquiring an additional 128 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. boosted its holdings in Federal Realty Investment Trust by 11.5% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 1,330 shares of the real estate investment trust's stock valued at $149,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts recently commented on FRT shares. JPMorgan Chase & Co. reduced their target price on Federal Realty Investment Trust from $125.00 to $114.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Scotiabank reduced their target price on Federal Realty Investment Trust from $126.00 to $117.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Truist Financial cut Federal Realty Investment Trust from a "buy" rating to a "hold" rating and reduced their target price for the company from $114.00 to $105.00 in a report on Thursday. Mizuho reduced their target price on Federal Realty Investment Trust from $119.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Finally, StockNews.com upgraded Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.77.

Federal Realty Investment Trust Stock Up 1.5 %

Shares of FRT traded up $1.43 during trading hours on Friday, reaching $96.13. The stock had a trading volume of 1,037,011 shares, compared to its average volume of 743,759. Federal Realty Investment Trust has a 12 month low of $94.58 and a 12 month high of $118.34. The firm has a 50-day simple moving average of $105.21 and a 200 day simple moving average of $110.65. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 2.20 and a beta of 1.27.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.73. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. The company had revenue of $311.44 million for the quarter, compared to analysts' expectations of $311.85 million. Equities research analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Tuesday, April 1st. Federal Realty Investment Trust's payout ratio is currently 128.28%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.