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

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

Wall Street Analyst Weigh In

FRT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a hold rating to a buy rating and upped their price target for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Bank of America boosted their price objective on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a research note on Friday, April 5th. Wells Fargo & Company raised shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating and raised their target price for the company from $110.00 to $112.00 in a research note on Thursday, February 29th. Mizuho lowered their price target on Federal Realty Investment Trust from $104.00 to $101.00 and set a neutral rating for the company in a report on Friday, February 23rd. Finally, Barclays boosted their price objective 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $112.70.

Federal Realty Investment Trust Price Performance

Shares of NYSE:FRT traded up $0.63 during trading hours on Thursday, hitting $104.91. 984,309 shares of the company’s stock traded hands, compared to its average volume of 656,657. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64. The company’s fifty day simple moving average is $100.55 and its two-hundred day simple moving average is $98.96. Federal Realty Investment Trust has a 52 week low of $85.27 and a 52 week high of $107.61. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 37.49, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The company had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that Federal Realty Investment Trust will post 6.8 EPS for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were issued a dividend of $1.09 per share. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.16%. Federal Realty Investment Trust’s dividend payout ratio is 155.71%.

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.