Federal Realty Investment Trust Holdings and Analyst Ratings

PNC Financial Services Group Inc. Trims Holdings in Federal Realty Investment Trust

In a recent filing with the Securities & Exchange Commission, PNC Financial Services Group Inc. disclosed that it has reduced its holdings in Federal Realty Investment Trust (NYSE:FRT) by 17.2% during the fourth quarter. The institutional investor now owns 30,865 shares of the real estate investment trust’s stock, down from 37,280 shares previously. The value of PNC Financial Services Group Inc.’s holdings in Federal Realty Investment Trust is estimated to be $3,181,000.

This move by PNC Financial Services Group Inc. is part of a larger trend among institutional investors adjusting their positions in Federal Realty Investment Trust. Migdal Insurance & Financial Holdings Ltd., State of Michigan Retirement System, Treasurer of the State of North Carolina, Mariner LLC, and Parkside Financial Bank & Trust have all made changes to their positions in the company in recent quarters.

Analysts have also been closely monitoring Federal Realty Investment Trust, with several research reports being published. Price targets have been adjusted by various financial institutions, with ratings ranging from “hold” to “buy.” The consensus rating for Federal Realty Investment Trust is currently “Moderate Buy,” with an average target price of $114.00.

Federal Realty Investment Trust’s stock has been trading up 0.5% on the New York Stock Exchange, with a market cap of $8.38 billion. The company recently announced a quarterly dividend, which will be paid to investors on July 15th. The ex-dividend date for this dividend is June 21st, with a payout ratio of 155.16%.

Federal Realty Investment Trust, founded in 1962, is a leader in the ownership, operation, and redevelopment of high-quality retail-based properties in major coastal markets. The company’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.

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