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

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 6.670-6.870 for the period, compared to the consensus earnings per share estimate of 6.800. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FRT shares. Deutsche Bank Aktiengesellschaft upgraded shares of Federal Realty Investment Trust from a hold rating to a buy rating and upped their price objective for the stock from $109.00 to $110.00 in a report on Monday, April 22nd. Scotiabank dropped their price objective 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 increased their target price on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a buy rating in a research note on Friday, April 5th. Evercore ISI dropped their target price on Federal Realty Investment Trust from $115.00 to $114.00 and set an outperform rating for the company in a research report on Friday. Finally, Truist Financial reissued a buy rating and issued a $117.00 price target on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Federal Realty Investment Trust currently has an average rating of Moderate Buy and a consensus target price of $113.30.

Federal Realty Investment Trust Stock Down 2.7 %

Shares of Federal Realty Investment Trust stock traded down $2.87 during trading on Friday, hitting $102.04. 1,336,867 shares of the stock were exchanged, compared to its average volume of 664,622. The stock has a market cap of $8.46 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 1.98 and a beta of 1.20. The firm's 50-day moving average price is $100.67 and its 200 day moving average price is $99.00. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.64 and a quick ratio of 2.64. Federal Realty Investment Trust has a 12-month low of $85.27 and a 12-month high of $107.61.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $291.50 million for the quarter, compared to analyst estimates of $292.05 million. Federal Realty Investment Trust had a return on equity of 8.35% and a net margin of 20.93%. The company's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.58 earnings per share. As a group, analysts forecast that Federal Realty Investment Trust will post 6.8 earnings per share for the current fiscal year.

Federal Realty Investment Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 21st will be issued a $1.09 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.27%. Federal Realty Investment Trust's payout ratio is 155.71%.

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.