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

Federal Realty Investment Trust (NYSE:FRT) will announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce 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 are interested in participating in the company’s earnings conference call can do so using this link.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The firm had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. During the same period last year, the business earned $1.58 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. 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 Up 0.7 %

FRT opened at $103.60 on Thursday. The stock’s 50 day moving average price is $100.21 and its 200 day moving average price is $98.43. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.64 and a quick ratio of 2.64. The stock has a market cap of $8.59 billion, a P/E ratio of 37.00, a P/E/G ratio of 2.87 and a beta of 1.21. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $107.61.

Federal Realty Investment Trust Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FRT shares. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $109.00 to $110.00 in a research note on Monday. Mizuho reduced their price objective on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Scotiabank decreased their price target on Federal Realty Investment Trust from $110.00 to $109.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 28th. Bank of America raised their price objective on Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Truist Financial reiterated a “buy” rating and issued a $117.00 target price on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.