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

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) will be announcing 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 wish to listen to the company's earnings conference call can do so using this link.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $291.50 million during the quarter, compared to analyst estimates of $292.05 million. During the same quarter last year, the firm posted $1.58 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. 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 Price Performance

Shares of NYSE:FRT traded down $1.03 on Thursday, reaching $102.57. 805,157 shares of the company traded hands, compared to its average volume of 651,669. 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 capitalization of $8.51 billion, a PE ratio of 36.63, a P/E/G ratio of 2.92 and a beta of 1.21. The company's 50 day moving average is $100.26 and its 200-day moving average is $98.46. Federal Realty Investment Trust has a fifty-two week low of $85.27 and a fifty-two week high of $107.61.

Federal Realty Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, March 13th were given a $1.09 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.25%. Federal Realty Investment Trust's dividend payout ratio (DPR) is 155.71%.

Wall Street Analyst Weigh In

FRT has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the company an "overweight" rating in a research note on Friday, January 19th. Mizuho lowered their price objective on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a "neutral" rating on the stock in a research report on Friday, February 23rd. Truist Financial restated a "buy" rating and issued a $117.00 target price on shares of Federal Realty Investment Trust in a report on Monday, March 25th. Wells Fargo & Company upgraded Federal Realty Investment Trust from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $110.00 to $112.00 in a report on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a "hold" rating to a "buy" rating and lifted their target price for the company from $109.00 to $110.00 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of "Moderate Buy" and a consensus target price 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.