Research Analysts Set Expectations for FRT FY2024 Earnings

Federal Realty Investment Trust (NYSE:FRT) – Equities research analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for Federal Realty Investment Trust in a report released on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $6.78 per share for the year, down from their prior forecast of $6.80. The consensus estimate for Federal Realty Investment Trust’s current full-year earnings is $6.80 per share. Zacks Research also issued estimates for Federal Realty Investment Trust’s Q4 2024 earnings at $1.74 EPS, Q1 2025 earnings at $1.73 EPS, Q2 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.78 EPS, Q4 2025 earnings at $1.84 EPS, FY2025 earnings at $7.13 EPS and Q3 2026 earnings at $1.85 EPS.

A number of other research analysts have also recently commented on the stock. Piper Sandler increased their price target on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Raymond James boosted their price objective on Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. lifted their target price on shares of Federal Realty Investment Trust from $121.00 to $122.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Scotiabank decreased their price target on shares of Federal Realty Investment Trust from $120.00 to $119.00 and set a “sector outperform” rating for the company in a research note on Friday, October 11th. Finally, Wells Fargo & Company lifted their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $122.85.

Federal Realty Investment Trust Price Performance

Shares of Federal Realty Investment Trust stock opened at $114.46 on Friday. The firm has a market capitalization of $9.49 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.15 and a beta of 1.24. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. Federal Realty Investment Trust has a 12 month low of $91.40 and a 12 month high of $118.34. The business’s 50-day moving average price is $113.36 and its 200-day moving average price is $108.83.

Institutional Investors Weigh In On Federal Realty Investment Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. grew its position in Federal Realty Investment Trust by 81.7% during the third quarter. NBC Securities Inc. now owns 238 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 107 shares during the period. Family Firm Inc. bought a new position in Federal Realty Investment Trust in the 2nd quarter worth $33,000. Blue Trust Inc. lifted its position in Federal Realty Investment Trust by 885.7% during the second quarter. Blue Trust Inc. now owns 345 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 310 shares in the last quarter. Brooklyn Investment Group bought a new stake in Federal Realty Investment Trust during the third quarter valued at about $36,000. Finally, Rothschild Investment LLC purchased a new stake in Federal Realty Investment Trust in the second quarter worth about $42,000. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Insiders Place Their Bets

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $4.40 annualized dividend and a yield of 3.84%. Federal Realty Investment Trust’s dividend payout ratio is 127.91%.

About Federal Realty Investment Trust

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.