Federal Realty Investment Trust (NYSE:FRT – Get Rating) – Stock analysts at Capital One Financial raised their Q4 2022 EPS estimates for Federal Realty Investment Trust in a research report issued to clients and investors on Friday, April 22nd. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings of $1.53 per share for the quarter, up from their prior forecast of $1.50. Capital One Financial has a “Overweight” rating and a $145.00 price target on the stock. Capital One Financial also issued estimates for Federal Realty Investment Trust’s Q1 2023 earnings at $1.61 EPS, Q3 2023 earnings at $1.65 EPS, FY2023 earnings at $6.48 EPS, Q1 2024 earnings at $1.67 EPS and FY2025 earnings at $7.28 EPS.
Federal Realty Investment Trust (NYSE:FRT – Get Rating) last posted its quarterly earnings data on Thursday, February 10th. The real estate investment trust reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.06. Federal Realty Investment Trust had a return on equity of 10.73% and a net margin of 27.49%. The business had revenue of $254.15 million during the quarter, compared to the consensus estimate of $248.13 million. During the same quarter in the prior year, the company earned $1.14 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year.
Shares of Federal Realty Investment Trust stock opened at $121.79 on Monday. Federal Realty Investment Trust has a 1 year low of $108.34 and a 1 year high of $140.51. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 3.91 and a beta of 1.14. The company has a 50-day moving average of $119.92 and a 200 day moving average of $124.95. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.45 and a quick ratio of 1.45.
The business also recently declared a quarterly dividend, which was paid on Friday, April 15th. Stockholders of record on Wednesday, March 16th were paid a $1.07 dividend. The ex-dividend date of this dividend was Tuesday, March 15th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.51%. Federal Realty Investment Trust’s dividend payout ratio is presently 131.69%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Federal Realty Investment Trust during the fourth quarter valued at $983,225,000. BlackRock Inc. increased its position in shares of Federal Realty Investment Trust by 5.2% during the 4th quarter. BlackRock Inc. now owns 7,559,988 shares of the real estate investment trust’s stock valued at $1,030,577,000 after purchasing an additional 372,411 shares during the last quarter. Waterfront Capital Partners LLC increased its position in shares of Federal Realty Investment Trust by 64.5% during the 3rd quarter. Waterfront Capital Partners LLC now owns 605,515 shares of the real estate investment trust’s stock valued at $71,445,000 after purchasing an additional 237,501 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Federal Realty Investment Trust by 180.3% in the 3rd quarter. Alliancebernstein L.P. now owns 365,828 shares of the real estate investment trust’s stock worth $43,164,000 after purchasing an additional 235,312 shares during the period. Finally, State Street Corp boosted its holdings in shares of Federal Realty Investment Trust by 3.2% in the fourth quarter. State Street Corp now owns 7,465,605 shares of the real estate investment trust’s stock worth $1,025,565,000 after buying an additional 232,958 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.
Federal Realty Investment Trust Company Profile (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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