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

Federal Realty Investment Trust (NYSE:FRT) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 6.760-6.860 for the period, compared to the consensus EPS estimate of 6.800. The company issued revenue guidance of -. Federal Realty Investment Trust also updated its FY24 guidance to $6.76-6.86 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FRT. Mizuho raised their price objective on Federal Realty Investment Trust from $104.00 to $116.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Truist Financial boosted their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. upped their price objective on Federal Realty Investment Trust from $112.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. 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. Finally, Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $120.00 to $135.00 in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.77.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock traded down $2.12 during midday trading on Thursday, hitting $112.13. The company’s stock had a trading volume of 516,680 shares, compared to its average volume of 616,104. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 2.16 and a beta of 1.23. Federal Realty Investment Trust has a 1-year low of $88.25 and a 1-year high of $118.34. The company has a 50-day moving average price of $114.07 and a two-hundred day moving average price of $107.61.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The company had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. During the same quarter last year, the firm posted $1.67 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Insider Transactions at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of Federal Realty Investment Trust stock in a transaction on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Donald C. Wood sold 5,937 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $771,020.29. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

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.