Federal Realty Investment Trust (FRT) Set to Announce Earnings on Wednesday

Federal Realty Investment Trust (NYSE:FRT) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Federal Realty Investment Trust to post earnings of $1.72 per share for the quarter. Federal Realty Investment Trust has set its FY24 guidance at $6.70-6.88 EPS and its FY 2024 guidance at 6.700-6.880 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The firm had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. During the same quarter last year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. 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 Trading Down 1.4 %

Shares of NYSE FRT opened at $112.35 on Monday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $9.32 billion, a PE ratio of 39.98, a PEG ratio of 2.16 and a beta of 1.23. Federal Realty Investment Trust has a twelve month low of $86.29 and a twelve month high of $118.34. The stock has a fifty day simple moving average of $114.05 and a 200-day simple moving average of $107.37.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.92%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. The ex-dividend date was Tuesday, October 1st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 156.58%.

Insiders Place Their Bets

In other news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the transaction, the chief executive officer now directly owns 6,637 shares in the company, valued at $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

FRT has been the topic of several research reports. Evercore ISI increased their price target on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Truist Financial increased their target price on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Scotiabank dropped 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. Wells Fargo & Company increased their price objective on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Finally, Citigroup upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $120.00 to $135.00 in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $122.77.

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.