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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Bank of America lifted their target price on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a hold rating to a buy rating and lifted their price objective for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Barclays upped their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a report on Friday, January 19th. Wells Fargo & Company raised shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating and raised their target price for the company from $110.00 to $112.00 in a report on Thursday, February 29th. Finally, Evercore ISI lowered their price objective 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $113.30.

Federal Realty Investment Trust Trading Up 0.1 %

Shares of Federal Realty Investment Trust stock traded up $0.11 during trading on Monday, hitting $102.12. The stock had a trading volume of 791,685 shares, compared to its average volume of 666,223. The stock has a market cap of $8.47 billion, a PE ratio of 36.30, a PEG ratio of 1.94 and a beta of 1.20. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $107.61. The firm’s fifty day simple moving average is $100.75 and its 200-day simple moving average is $99.22. 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 earnings results 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 net margin of 20.55% and a return on equity of 8.34%. The business had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $292.05 million. During the same quarter last year, the firm earned $1.58 EPS. The firm’s quarterly 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 EPS for the current fiscal year.

Federal Realty Investment Trust Announces Dividend

The business also recently declared 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. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Friday, June 21st. Federal Realty Investment Trust’s payout ratio is presently 155.16%.

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.