Federal Realty Investment Trust (FRT) Set to Announce Quarterly Earnings on Thursday

Federal Realty Investment Trust (NYSE:FRT) will release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Federal Realty Investment Trust to post earnings of $1.66 per share for the quarter. Federal Realty Investment Trust has set its FY24 guidance at $6.65-6.87 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.88). Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The company 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. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect Federal Realty Investment Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Federal Realty Investment Trust Stock Performance

Shares of NYSE FRT opened at $103.60 on Thursday. Federal Realty Investment Trust has a 1 year low of $85.27 and a 1 year high of $107.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.64 and a current ratio of 2.64. The company’s fifty day moving average price is $100.21 and its 200 day moving average price is $98.43. The company has a market capitalization of $8.59 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 2.87 and a beta of 1.21.

Federal Realty Investment Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 13th were issued a dividend of $1.09 per share. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.21%. Federal Realty Investment Trust’s payout ratio is currently 155.71%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Truist Financial reaffirmed a “buy” rating and set a $117.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Mizuho reduced their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Bank of America lifted their target price on shares of Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a report on Friday, April 5th. Wells Fargo & Company upgraded Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $110.00 to $112.00 in a research note on Thursday, February 29th. Finally, Barclays lifted their price objective on Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and an average target price of $112.70.

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.