Federal Realty Investment Trust (NYSE:FRT) Issues FY 2024 Earnings Guidance

Federal Realty Investment Trust (NYSE:FRT) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 6.670-6.870 for the period, compared to the consensus EPS estimate of 6.800. The company issued revenue guidance of -.

Analysts Set New Price Targets

FRT has been the topic of a number of recent research reports. Wells Fargo & Company upgraded Federal Realty Investment Trust from an equal weight rating to an overweight rating and increased their target price for the stock from $110.00 to $112.00 in a report on Thursday, February 29th. Barclays raised their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an overweight rating in a research note on Friday, January 19th. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a hold rating to a buy rating and boosted their target price for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Mizuho dropped their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a neutral rating on the stock in a research report on Friday, February 23rd. Finally, Scotiabank decreased their price objective on Federal Realty Investment Trust from $110.00 to $109.00 and set a sector outperform rating for the company in a report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $113.30.

Federal Realty Investment Trust Stock Performance

FRT traded down $0.18 during trading hours on Monday, hitting $101.83. The stock had a trading volume of 423,955 shares, compared to its average volume of 661,502. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61. The company’s fifty day simple moving average is $100.75 and its 200 day simple moving average is $99.22. The stock has a market cap of $8.45 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.59.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.34% and a net margin of 20.55%. The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $292.05 million. During the same quarter in the prior year, the business earned $1.58 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 4.28%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is presently 155.16%.

Federal Realty Investment Trust Company 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.