Investment

Federal Realty Investment Trust (NYSE:FRT) Issues FY 2022 Earnings Guidance


Federal Realty Investment Trust (NYSE:FRT – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $5.85-$6.05 for the period. The company issued revenue guidance of -.

Shares of FRT traded up $0.02 during mid-day trading on Monday, reaching $115.99. 5,210 shares of the stock traded hands, compared to its average volume of 523,515. The firm has a fifty day moving average price of $119.30 and a 200 day moving average price of $124.35. The company has a market cap of $9.21 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 3.77 and a beta of 1.09. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.61. Federal Realty Investment Trust has a 1 year low of $108.53 and a 1 year high of $140.51.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.81). Federal Realty Investment Trust had a return on equity of 10.76% and a net margin of 26.80%. The company had revenue of $256.80 million for the quarter, compared to the consensus estimate of $249.13 million. During the same period in the prior year, the firm posted $1.17 earnings per share. The business’s revenue was up 17.7% on a year-over-year basis. On average, sell-side analysts anticipate that Federal Realty Investment Trust will post 5.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 22nd will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Tuesday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 130.49%.

A number of analysts have recently issued reports on FRT shares. Capital One Financial raised shares of Federal Realty Investment Trust from an equal weight rating to an overweight rating and lifted their price objective for the stock from $130.00 to $145.00 in a report on Wednesday, February 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Federal Realty Investment Trust from $150.00 to $143.00 and set a buy rating for the company in a report on Thursday, March 31st. Wells Fargo & Company dropped their price objective on shares of Federal Realty Investment Trust from $130.00 to $125.00 and set an equal weight rating for the company in a report on Thursday, April 7th. Raymond James raised shares of Federal Realty Investment Trust from a market perform rating to a strong-buy rating and set a $140.00 price objective for the company in a report on Thursday. Finally, Mizuho lowered their price target on shares of Federal Realty Investment Trust from $142.00 to $129.00 and set a buy rating for the company in a research note on Tuesday, February 15th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Federal Realty Investment Trust has a consensus rating of Buy and an average target price of $134.42.

Several large investors have recently modified their holdings of FRT. Vanguard Group Inc. bought a new position in shares of Federal Realty Investment Trust during the first quarter valued at about $1,481,079,000. Invesco Ltd. raised its stake in shares of Federal Realty Investment Trust by 62.6% during the first quarter. Invesco Ltd. now owns 1,330,651 shares of the real estate investment trust’s stock valued at $162,432,000 after acquiring an additional 512,382 shares during the last quarter. State Street Corp raised its stake in shares of Federal Realty Investment Trust by 4.7% during the first quarter. State Street Corp now owns 7,816,925 shares of the real estate investment trust’s stock valued at $962,292,000 after acquiring an additional 351,320 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Federal Realty Investment Trust by 55.0% during the first quarter. Prudential Financial Inc. now owns 447,974 shares of the real estate investment trust’s stock valued at $54,683,000 after acquiring an additional 159,043 shares during the last quarter. Finally, Centersquare Investment Management LLC bought a new position in shares of Federal Realty Investment Trust during the first quarter valued at about $11,348,000. 86.07% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust Company Profile (Get Rating)

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.

Further Reading

Earnings History and Estimates for Federal Realty Investment Trust (NYSE:FRT)



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