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

Federal Realty Investment Trust (NYSE:FRT) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce 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.Investors that wish to register for the company’s conference call can do so using this link.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). The company had revenue of $295.80 million for the quarter, compared to analysts’ expectations of $293.61 million. Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 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 Up 1.0 %

NYSE:FRT opened at $114.36 on Wednesday. The company has a market cap of $9.49 billion, a PE ratio of 40.70, a P/E/G ratio of 2.11 and a beta of 1.23. Federal Realty Investment Trust has a twelve month low of $85.59 and a twelve month high of $118.34. 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 company’s 50 day moving average is $114.02 and its two-hundred day moving average is $107.11.

Federal Realty Investment Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Tuesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09. Federal Realty Investment Trust’s payout ratio is currently 156.58%.

Analysts Set New Price Targets

Several research firms have weighed in on FRT. Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Evercore ISI boosted their target price 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. Mizuho lifted their price objective on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Compass Point lifted their price objective on shares of Federal Realty Investment Trust from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Truist Financial lifted their price objective on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust has an average rating of “Moderate Buy” and an average price target of $122.77.

Insider Activity at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 5,937 shares of the business’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 legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total value 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The disclosure for this sale can be found here. Company insiders own 1.00% 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.