Zacks Research Has Negative Forecast for FRT FY2024 Earnings

Federal Realty Investment Trust (NYSE:FRT) – Investment analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for shares of Federal Realty Investment Trust in a note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now expects 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 $6.79 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.

Several other research firms have also recently commented on FRT. Raymond James raised their target price on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their price target 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. Evercore ISI raised their target price on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Mizuho boosted their price target on shares of 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. Finally, Truist Financial lifted their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has an average rating of “Moderate Buy” and an average target price of $122.85.

Federal Realty Investment Trust Trading Up 0.4 %

Shares of FRT stock opened at $114.86 on Friday. The firm has a market capitalization of $9.53 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.56 and a current ratio of 1.56. Federal Realty Investment Trust has a 1 year low of $91.40 and a 1 year high of $118.34. The stock has a fifty day moving average of $113.27 and a two-hundred day moving average of $108.96.

Federal Realty Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.83%. The ex-dividend date is Thursday, January 2nd. Federal Realty Investment Trust’s dividend payout ratio is currently 127.91%.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Federal Realty Investment Trust

A number of institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Federal Realty Investment Trust by 6.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 309,103 shares of the real estate investment trust’s stock worth $31,567,000 after purchasing an additional 19,453 shares during the last quarter. Gateway Investment Advisers LLC acquired a new stake in shares of Federal Realty Investment Trust in the second quarter worth about $5,865,000. Cetera Investment Advisers boosted its stake in shares of Federal Realty Investment Trust by 274.5% during the 1st quarter. Cetera Investment Advisers now owns 21,711 shares of the real estate investment trust’s stock worth $2,217,000 after acquiring an additional 15,914 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Federal Realty Investment Trust by 8.7% during the 3rd quarter. Principal Financial Group Inc. now owns 93,306 shares of the real estate investment trust’s stock valued at $10,727,000 after acquiring an additional 7,501 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of Federal Realty Investment Trust in the 2nd quarter valued at approximately $1,981,000. Institutional investors and hedge funds own 93.86% 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.