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

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

Federal Realty Investment Trust Stock Up 0.1 %

Shares of FRT stock traded up $0.12 on Monday, reaching $102.13. 462,647 shares of the stock were exchanged, compared to its average volume of 661,809. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 1.59. The business’s 50 day moving average price is $100.75 and its 200 day moving average price is $99.22. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 1.94 and a beta of 1.20. Federal Realty Investment Trust has a twelve month low of $85.27 and a twelve month high of $107.61.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.55% and a return on equity of 8.34%. The company had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $292.05 million. During the same period last year, the firm earned $1.58 earnings per share. Federal Realty Investment Trust’s revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be issued a $1.09 dividend. The ex-dividend date is Friday, June 21st. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.27%. Federal Realty Investment Trust’s payout ratio is 155.16%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on FRT shares. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a hold rating to a buy rating and increased their price target for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Bank of America upped their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a research report on Friday, April 5th. Barclays upped their target price on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a research report on Friday, January 19th. Wells Fargo & Company upgraded shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating and upped their target price for the stock from $110.00 to $112.00 in a research report on Thursday, February 29th. Finally, Scotiabank lowered their price target on shares of Federal Realty Investment Trust from $110.00 to $109.00 and set a sector outperform rating on the stock in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $113.30.

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.