PNC Financial Services Group Inc. grew its position in Federal Realty Investment Trust (NYSE:FRT – Free Report) by 19.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,144 shares of the real estate investment trust’s stock after purchasing an additional 7,132 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.05% of Federal Realty Investment Trust worth $4,371,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. Spire Wealth Management raised its holdings in Federal Realty Investment Trust by 365.3% in the 2nd quarter. Spire Wealth Management now owns 335 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 263 shares during the period. Quent Capital LLC bought a new stake in Federal Realty Investment Trust during the third quarter valued at about $39,000. Hantz Financial Services Inc. grew its position in shares of Federal Realty Investment Trust by 1,148.5% in the third quarter. Hantz Financial Services Inc. now owns 412 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 379 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Federal Realty Investment Trust in the second quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Federal Realty Investment Trust by 18.8% in the second quarter. EverSource Wealth Advisors LLC now owns 690 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 109 shares during the period. 93.86% of the stock is owned by institutional investors.
Federal Realty Investment Trust Stock Up 1.6%
Shares of FRT stock opened at $107.51 on Friday. Federal Realty Investment Trust has a one year low of $80.65 and a one year high of $108.54. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a fifty day moving average price of $102.60 and a 200 day moving average price of $99.59. The stock has a market cap of $9.28 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 4.54 and a beta of 1.02.
Federal Realty Investment Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. Federal Realty Investment Trust’s payout ratio is presently 96.79%.
Analysts Set New Price Targets
Several analysts recently weighed in on the company. Stifel Nicolaus increased their target price on Federal Realty Investment Trust from $109.50 to $111.00 and gave the company a “hold” rating in a research note on Friday, February 13th. Evercore set a $107.00 price objective on Federal Realty Investment Trust in a research report on Tuesday. Mizuho set a $105.00 target price on shares of Federal Realty Investment Trust in a research report on Friday, January 9th. Wall Street Zen raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Federal Realty Investment Trust in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and a consensus target price of $111.00.
Get Our Latest Research Report on Federal Realty Investment Trust
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.
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