Federal Realty Investment Trust (NYSE:FRT) Releases FY 2024 Earnings Guidance

Federal Realty Investment Trust (NYSE:FRT) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 6.760-6.860 for the period, compared to the consensus estimate of 6.800. The company issued revenue guidance of -. Federal Realty Investment Trust also updated its FY24 guidance to $6.76-6.86 EPS.

Federal Realty Investment Trust Stock Down 0.4 %

NYSE:FRT traded down $0.41 during mid-day trading on Friday, reaching $110.43. The stock had a trading volume of 571,432 shares, compared to its average volume of 619,876. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 32.10, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. Federal Realty Investment Trust has a 1-year low of $90.70 and a 1-year high of $118.34. The stock’s 50 day simple moving average is $113.88 and its two-hundred day simple moving average is $107.72.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.36). The firm had revenue of $295.80 million during the quarter, compared to analyst estimates of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.14% and a net margin of 24.67%. Federal Realty Investment Trust’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.67 EPS. Equities analysts anticipate that Federal Realty Investment Trust will post 6.81 EPS for the current year.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is presently 127.91%.

Wall Street Analysts Forecast Growth

FRT has been the topic of a number of recent research reports. Compass Point raised their price target on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Truist Financial upped their target price on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Mizuho increased their price target on Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $120.00 to $135.00 in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.77.

Insider Activity at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.