Federal Realty Investment Trust Expected to Post Q2 2022 Earnings of $1.47 Per Share (NYSE:FRT)


Federal Realty Investment Trust (NYSE:FRT – Get Rating) – Research analysts at Jefferies Financial Group upped their Q2 2022 earnings per share estimates for Federal Realty Investment Trust in a report released on Thursday, June 30th. Jefferies Financial Group analyst L. Tsai now anticipates that the real estate investment trust will earn $1.47 per share for the quarter, up from their previous forecast of $1.46. Jefferies Financial Group has a “Hold” rating and a $96.00 price objective on the stock. The consensus estimate for Federal Realty Investment Trust’s current full-year earnings is $6.01 per share. Jefferies Financial Group also issued estimates for Federal Realty Investment Trust’s Q2 2023 earnings at $1.51 EPS, Q3 2023 earnings at $1.50 EPS, Q4 2023 earnings at $1.54 EPS, FY2023 earnings at $6.04 EPS, Q1 2024 earnings at $1.50 EPS, Q2 2024 earnings at $1.53 EPS and FY2024 earnings at $6.08 EPS.

A number of other analysts have also recently weighed in on FRT. Truist Financial dropped their price target on Federal Realty Investment Trust from $128.00 to $125.00 in a research report on Friday, June 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on Federal Realty Investment Trust from $150.00 to $143.00 and set a “buy” rating on the stock in a research report on Thursday, March 31st. Credit Suisse Group started coverage on Federal Realty Investment Trust in a research report on Wednesday, June 22nd. They set a “neutral” rating and a $104.00 price target on the stock. StockNews.com started coverage on Federal Realty Investment Trust in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Wells Fargo & Company dropped their price target on Federal Realty Investment Trust from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 7th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.75.

Shares of Federal Realty Investment Trust stock opened at $97.56 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.61. The business’s 50 day simple moving average is $108.58 and its 200-day simple moving average is $118.80. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 2.79 and a beta of 1.13. Federal Realty Investment Trust has a twelve month low of $92.02 and a twelve month high of $140.51.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.81). Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. The firm had revenue of $256.80 million for the quarter, compared to analyst estimates of $249.13 million. During the same quarter in the previous year, the company earned $1.17 EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Wednesday, June 22nd will be paid a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, June 21st. Federal Realty Investment Trust’s payout ratio is currently 130.49%.

In other news, Director David W. Faeder purchased 10,565 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was purchased at an average cost of $95.84 per share, with a total value of $1,012,549.60. Following the purchase, the director now owns 23,878 shares in the company, valued at approximately $2,288,467.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. bought a new position in Federal Realty Investment Trust during the 1st quarter valued at $1,481,079,000. State Street Corp boosted its stake in shares of Federal Realty Investment Trust by 4.7% during the 1st quarter. State Street Corp now owns 7,816,925 shares of the real estate investment trust’s stock worth $962,292,000 after acquiring an additional 351,320 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Federal Realty Investment Trust by 5.2% during the 4th quarter. BlackRock Inc. now owns 7,559,988 shares of the real estate investment trust’s stock worth $1,030,577,000 after acquiring an additional 372,411 shares in the last quarter. Norges Bank bought a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth $983.225,000. Finally, Geode Capital Management LLC boosted its stake in shares of Federal Realty Investment Trust by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 1,477,819 shares of the real estate investment trust’s stock worth $201,185,000 after acquiring an additional 14,201 shares in the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust (GetRated)

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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