Federal Realty Investment Trust (NYSE:FRT) Releases FY24 Earnings Guidance

Federal Realty Investment Trust (NYSE:FRT) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $6.67-$6.87 for the period, compared to the consensus EPS estimate of $6.80.

Analyst Ratings Changes

A number of analysts have commented on FRT shares. Barclays raised their target price on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a research note on Friday, January 19th. Evercore ISI dropped their price target on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an outperform rating for the company in a research note on Friday. Truist Financial reaffirmed a buy rating and set a $117.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Scotiabank decreased their price objective on Federal Realty Investment Trust from $110.00 to $109.00 and set a sector outperform rating on the stock in a report on Wednesday, February 28th. Finally, Wells Fargo & Company raised Federal Realty Investment Trust from an equal weight rating to an overweight rating and raised their target price for the stock from $110.00 to $112.00 in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of Moderate Buy and an average price target of $113.30.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT traded down $2.90 during midday trading on Friday, reaching $102.01. 1,336,869 shares of the company were exchanged, compared to its average volume of 625,133. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 1.60. The stock has a fifty day simple moving average of $100.75 and a 200 day simple moving average of $99.14. The stock has a market cap of $8.46 billion, a P/E ratio of 36.30, a PEG ratio of 1.94 and a beta of 1.20.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (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 business had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $292.05 million. During the same quarter in the previous year, the company posted $1.58 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, research analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Friday, June 21st. Federal Realty Investment Trust’s dividend payout ratio (DPR) 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.