Federal Realty Investment Trust (NYSE:FRT) Updates FY 2021 Earnings Guidance

Federal Realty Investment Trust (NYSE:FRT) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $5.450-$5.500 for the period. The company issued revenue guidance of -.Federal Realty Investment Trust also updated its FY 2022 guidance to $5.650-$5.850 EPS.

Shares of FRT traded up $1.16 during trading hours on Thursday, reaching $131.70. 223,195 shares of the company traded hands, compared to its average volume of 603,927. The stock’s fifty day moving average is $123.53 and its 200 day moving average is $119.82. The stock has a market cap of $10.24 billion, a P/E ratio of 43.47, a price-to-earnings-growth ratio of 2.78 and a beta of 1.10. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.42 and a current ratio of 1.42. Federal Realty Investment Trust has a 1-year low of $81.85 and a 1-year high of $135.55.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, November 4th. The real estate investment trust reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.64). The company had revenue of $247.30 million for the quarter, compared to analyst estimates of $228.23 million. Federal Realty Investment Trust had a net margin of 26.33% and a return on equity of 10.02%. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 EPS. On average, equities research analysts predict that Federal Realty Investment Trust will post 5.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Monday, January 3rd will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Friday, December 31st. Federal Realty Investment Trust’s dividend payout ratio is currently 141.25%.

FRT has been the subject of several recent research reports. Truist Securities increased their price target on shares of Federal Realty Investment Trust from $120.00 to $125.00 and gave the stock a hold rating in a research report on Monday, August 30th. Barclays initiated coverage on shares of Federal Realty Investment Trust in a research report on Wednesday, September 1st. They issued an overweight rating and a $133.00 price target for the company. TheStreet raised shares of Federal Realty Investment Trust from a c+ rating to a b rating in a research report on Thursday, November 4th. Truist increased their price target on shares of Federal Realty Investment Trust from $120.00 to $125.00 and gave the stock a hold rating in a research report on Monday, August 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Federal Realty Investment Trust from $129.00 to $140.00 and gave the stock a buy rating in a research report on Wednesday, October 6th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of Hold and a consensus target price of $118.58.

A hedge fund recently bought a new stake in Federal Realty Investment Trust stock. OLD Mission Capital LLC purchased a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,799 shares of the real estate investment trust’s stock, valued at approximately $1,527,000. Institutional investors and hedge funds own 84.73% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the ownership, management and redevelopment of high quality retail focus properties. The company was founded by Samuel J. Gorlitz in 1962 and is headquartered in North Bethesda, MD.

Featured Article: What Does An Overweight Rating Mean?

Earnings History and Estimates for Federal Realty Investment Trust (NYSE:FRT)

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.