Federal Realty Investment Trust (NYSE:FRT) Issues FY22 Earnings Guidance

Federal Realty Investment Trust (NYSE:FRTGet Rating) updated its FY22 earnings guidance on Thursday. The company provided earnings per share guidance of $6.10-6.25 for the period, compared to the consensus earnings per share estimate of $6.01. Federal Realty Investment Trust also updated its FY 2022 guidance to $6.10-$6.25 EPS.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Jefferies Financial Group reduced their price target on Federal Realty Investment Trust from $133.00 to $96.00 and set a hold rating for the company in a report on Thursday, June 30th. Barclays cut their price target on Federal Realty Investment Trust from $142.00 to $122.00 and set an overweight rating for the company in a research note on Friday, July 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Federal Realty Investment Trust from $143.00 to $121.00 in a research note on Monday, July 11th. Mizuho cut their price target on Federal Realty Investment Trust from $129.00 to $117.00 and set a buy rating on the stock in a research note on Thursday, July 21st. Finally, Truist Financial reduced their target price on Federal Realty Investment Trust from $128.00 to $125.00 in a report on Friday, June 3rd. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $124.29.

Federal Realty Investment Trust Trading Up 0.7 %

FRT stock traded up $0.71 during midday trading on Friday, reaching $105.75. 834,736 shares of the company traded hands, compared to its average volume of 644,267. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.50 and a current ratio of 1.65. The business has a 50 day moving average of $101.50 and a 200-day moving average of $113.18. Federal Realty Investment Trust has a 52-week low of $92.02 and a 52-week high of $140.51. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 2.94 and a beta of 1.13.

Federal Realty Investment Trust (NYSE:FRTGet Rating) last released its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.81). Federal Realty Investment Trust had a return on equity of 11.05% and a net margin of 27.46%. The company had revenue of $256.80 million during the quarter, compared to the consensus estimate of $249.13 million. During the same period in the previous year, the firm posted $1.17 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. As a group, sell-side analysts expect that Federal Realty Investment Trust will post 6.02 earnings per share for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Thursday, September 22nd will be issued a $1.08 dividend. The ex-dividend date of this dividend is Wednesday, September 21st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 4.09%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.07. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 123.70%.

Insider Activity

In related news, Director David W. Faeder acquired 10,565 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were purchased at an average cost of $95.84 per share, with a total value of $1,012,549.60. Following the completion of the acquisition, the director now directly owns 23,878 shares of the company’s stock, valued at $2,288,467.52. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Federal Realty Investment Trust

Large investors have recently made changes to their positions in the stock. KCM Investment Advisors LLC acquired a new position in Federal Realty Investment Trust during the first quarter valued at $516,000. Wexford Capital LP acquired a new position in Federal Realty Investment Trust during the first quarter valued at $486,000. Pearl River Capital LLC acquired a new position in shares of Federal Realty Investment Trust in the first quarter worth about $485,000. Cetera Investment Advisers acquired a new position in shares of Federal Realty Investment Trust in the first quarter worth about $352,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of Federal Realty Investment Trust in the first quarter worth about $324,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

(Get Rating)

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.

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

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