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 %

Federal Realty Investment Trust stock traded up $0.11 during trading hours on Monday, hitting $102.12. The company had a trading volume of 791,685 shares, compared to its average volume of 666,223. The firm’s fifty day moving average is $100.75 and its 200-day moving average is $99.22. The firm has a market capitalization of $8.47 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $107.61. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.69 and a quick ratio of 1.69.

Federal Realty Investment Trust (NYSE:FRT) last announced 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 firm had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $292.05 million. During the same quarter in the prior year, the business posted $1.58 earnings per share. Federal Realty Investment Trust’s revenue was up 4.2% on a year-over-year basis. On average, research analysts forecast that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Friday, June 21st. Federal Realty Investment Trust’s payout ratio is presently 155.16%.

Analyst Ratings Changes

A number of research analysts have weighed in on FRT shares. Evercore ISI cut their target price on shares of Federal Realty Investment Trust from $115.00 to $114.00 and set an outperform rating for the company in a research report on Friday. 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. Bank of America increased their price target 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. Truist Financial reaffirmed a buy rating and set a $117.00 price objective on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Finally, Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a hold rating to a buy rating and raised their target price for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Two research 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 currently has an average rating of Moderate Buy and a consensus price target of $113.30.

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.