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

Federal Realty Investment Trust (NYSE:FRT) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $5.650-$5.850 for the period. The company issued revenue guidance of -.Federal Realty Investment Trust also updated its FY 2021 guidance to $5.450-$5.500 EPS.

Shares of NYSE FRT traded up $1.16 during mid-day trading on Thursday, hitting $131.70. The stock had a trading volume of 223,195 shares, compared to its average volume of 603,927. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.42 and a current ratio of 1.42. Federal Realty Investment Trust has a 1 year low of $81.85 and a 1 year high of $135.55. The business has a 50 day moving average price of $123.53 and a two-hundred day moving average price of $119.82. The firm has a market cap of $10.24 billion, a P/E ratio of 43.47, a price-to-earnings-growth ratio of 2.78 and a beta of 1.10.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Thursday, November 4th. The real estate investment trust reported $0.64 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.64). Federal Realty Investment Trust had a return on equity of 10.02% and a net margin of 26.33%. The firm had revenue of $247.30 million during the quarter, compared to analysts’ expectations of $228.23 million. During the same period in the previous year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. Equities research analysts predict that Federal Realty Investment Trust will post 5.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Monday, January 3rd will be issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Friday, December 31st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 141.25%.

Several research firms recently weighed in on FRT. Truist lifted their price target on shares of Federal Realty Investment Trust from $120.00 to $125.00 and gave the company a hold rating in a report on Monday, August 30th. Truist Securities lifted their price target on shares of Federal Realty Investment Trust from $120.00 to $125.00 and gave the company a hold rating in a report on Monday, August 30th. Barclays began coverage on shares of Federal Realty Investment Trust in a report on Wednesday, September 1st. They issued an overweight rating and a $133.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Federal Realty Investment Trust from $129.00 to $140.00 and gave the company a buy rating in a report on Wednesday, October 6th. Finally, TheStreet upgraded shares of Federal Realty Investment Trust from a c+ rating to a b rating in a report on Thursday, November 4th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $118.58.

An institutional investor recently bought a new position in Federal Realty Investment Trust stock. OLD Mission Capital LLC bought a new stake in shares of Federal Realty Investment Trust (NYSE:FRT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,799 shares of the real estate investment trust’s stock, valued at approximately $1,527,000. Institutional investors own 84.73% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the ownership, management and redevelopment of high quality retail focus properties. The company was founded by Samuel J. Gorlitz in 1962 and is headquartered in North Bethesda, MD.

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

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