Federal Realty Investment Trust (NYSE:FRT) Releases FY 2022 Earnings Guidance

Federal Realty Investment Trust (NYSE:FRTGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $5.85-$6.05 for the period. The company issued revenue guidance of -.

A number of research firms have recently weighed in on FRT. Capital One Financial upgraded shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating and raised their price target for the company from $130.00 to $145.00 in a research note on Wednesday, February 9th. Mizuho cut their target price on shares of Federal Realty Investment Trust from $142.00 to $129.00 and set a buy rating on the stock in a research report on Tuesday, February 15th. Wells Fargo & Company cut their target price on shares of Federal Realty Investment Trust from $130.00 to $125.00 and set an equal weight rating on the stock in a research report on Thursday, April 7th. StockNews.com assumed coverage on shares of Federal Realty Investment Trust in a research report on Thursday, March 31st. They set a hold rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Federal Realty Investment Trust from $150.00 to $143.00 and set a buy rating on the stock in a research report on Thursday, March 31st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus target price of $133.91.

Shares of NYSE:FRT traded down $2.30 during mid-day trading on Monday, hitting $112.84. The company had a trading volume of 11,645 shares, compared to its average volume of 522,998. The firm has a fifty day moving average price of $119.97 and a 200 day moving average price of $124.67. The company has a market capitalization of $8.87 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 3.78 and a beta of 1.09. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.50 and a quick ratio of 1.45. Federal Realty Investment Trust has a one year low of $109.89 and a one year high of $140.51.

Federal Realty Investment Trust (NYSE:FRTGet Rating) last released its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.81). The company had revenue of $256.80 million during the quarter, compared to the consensus estimate of $249.13 million. Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.17 EPS. Research analysts expect that Federal Realty Investment Trust will post 5.96 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Wednesday, June 22nd will be paid a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 21st. This represents a $4.28 dividend on an annualized basis and a yield of 3.79%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 130.49%.

Several institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY raised its holdings in Federal Realty Investment Trust by 10.4% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 12,699 shares of the real estate investment trust’s stock valued at $1,731,000 after acquiring an additional 1,200 shares during the period. OLD Mission Capital LLC purchased a new position in Federal Realty Investment Trust in the third quarter worth $1,527,000. Vident Investment Advisory LLC boosted its position in Federal Realty Investment Trust by 0.9% during the fourth quarter. Vident Investment Advisory LLC now owns 23,262 shares of the real estate investment trust’s stock valued at $3,170,000 after buying an additional 205 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of Federal Realty Investment Trust by 237.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 24,337 shares of the real estate investment trust’s stock valued at $3,318,000 after acquiring an additional 17,127 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Federal Realty Investment Trust by 4.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 38,189 shares of the real estate investment trust’s stock valued at $5,206,000 after acquiring an additional 1,520 shares during the last quarter. 86.07% of the stock is currently 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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Earnings History and Estimates for Federal Realty Investment Trust (NYSE:FRT)

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