Federal Realty Investment Trust (FRT) to Release Earnings on Thursday

Federal Realty Investment Trust (NYSE:FRT) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Federal Realty Investment Trust to post 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 interested in listening to the company’s earnings conference call can do so using this link.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.88). The company had revenue of $291.50 million during the quarter, compared to the consensus estimate of $292.05 million. Federal Realty Investment Trust had a net margin of 20.93% and a return on equity of 8.35%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 EPS. 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 Stock Performance

Shares of NYSE:FRT opened at $103.26 on Tuesday. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 36.88, a P/E/G ratio of 1.94 and a beta of 1.21. The firm’s 50 day simple moving average is $100.36 and its 200 day simple moving average is $98.81. 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 fifty-two week low of $85.27 and a fifty-two week high of $107.61.

Federal Realty Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, March 13th were given a dividend of $1.09 per share. The ex-dividend date was Tuesday, March 12th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 4.22%. Federal Realty Investment Trust’s dividend payout ratio is 155.71%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FRT shares. Wells Fargo & Company raised Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $110.00 to $112.00 in a research note on Thursday, February 29th. Bank of America raised their price target on Federal Realty Investment Trust from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $109.00 to $110.00 in a research note on Monday, April 22nd. Mizuho cut their price target on shares of Federal Realty Investment Trust from $104.00 to $101.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Finally, Truist Financial reissued a “buy” rating and set a $117.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, March 25th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus price target of $112.70.

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.