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

Federal Realty Investment Trust (NYSE:FRT) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 6.700-6.880 for the period, compared to the consensus earnings per share estimate of 6.790. The company issued revenue guidance of -. Federal Realty Investment Trust also updated its FY24 guidance to $6.70-6.88 EPS.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock traded up $1.15 during mid-day trading on Thursday, reaching $112.80. 545,013 shares of the company were exchanged, compared to its average volume of 593,142. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $114.45. The firm’s 50-day simple moving average is $103.00 and its two-hundred day simple moving average is $101.76. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $9.36 billion, a PE ratio of 40.14, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Mizuho lifted their price objective on Federal Realty Investment Trust from $101.00 to $104.00 and gave the stock a neutral rating in a report on Thursday, May 23rd. Wells Fargo & Company lifted their price objective on Federal Realty Investment Trust from $112.00 to $115.00 and gave the stock an overweight rating in a report on Tuesday, May 28th. Scotiabank raised their price target on Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a sector outperform rating in a research report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a hold rating to a buy rating and raised their price target for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Finally, Bank of America raised their price target on 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. 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.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $114.00.

About Federal Realty Investment Trust

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.