Federal Real Estate Investment Trust (NYSE:FRT – Get Rating ) – Investment analysts at Jefferies Financial Group upped their Q2 2022 earnings estimates for Federal Investment Trust in a research note issued to investors on Thursday, June 30th. Jefferies Financial Group analyst L. Tsai now forecasts that the real estate investment trust will earn $1.47 per share for the quarter, down from their prior forecast of $1.46. Jefferies Financial Group has a “Hold” rating and a $96.00 target price 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 at $1.50 EPS, Q4 2023 at $1.54 EPS, FY2023 at $6.04 EPS, Q1 2023 at $6.04 EPS. 2024 at $1.50 EPS, Q2 2024 at $1.53 EPS and FY 2024 at $6.08 EPS. Federal Real Estate Investment Trust (NYSE:FRT – Get Rating ) last announced its earnings results on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $256.80 million for the quarter, compared to analyst estimates of $249.13 million. In the same quarter last year, the company reported $1.17 EPS. Federal Realty Investment Trust’s quarterly revenue was up 17.7% on a year-over-year basis.
Several other brokerages also recently weighed in on FRT. Credit Suisse Group began coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, June 22nd. They set a “neutral” rating and a $104.00 target price for the company. Truist Financial decreased their price objective on Federal Realty Investment Trust from $128.00 to $125.00 in a report on Friday, June 3rd. Wells Fargo & Company cut their target price on Federal Realty Investment Trust from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Thursday, April 7th. Raymond James upgraded Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 target price for the company in a report on Thursday, May 12th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Federal Realty Investment Trust from $150.00 to $143.00 and set a “buy” rating on the stock in a report on Thursday, March 31st. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.75, according to MarketBeat.
Shares of FRT stock opened at $97.56 on Monday. Federal Realty Investment Trust has a fifty-two week low of $92.02 and a fifty-two week high of $140.51. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 2.79 and a beta of 1.13. The firm has a 50-day simple moving average of $108.58 and a 200-day simple moving average of $118.80. The company has a debt-to-equity ratio of 1.61, a quick earnings ratio of 1.50, and a current ratio of 1.50.
Institutional investors and hedge funds have recently been buying and selling shares of the business. Montag A & Associates Inc. acquired a new position in shares of Federal Realty Investment Trust in the first quarter valued at $29,000. National Bank of Canada FI acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at $33,000. M&R Capital Management Inc. acquired a new position in shares of Federal Realty Investment Trust in the first quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Federal Realty Investment Trust by 237.0% in the first quarter. Brown Brothers Harriman & Co. now owns 337 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 237 shares in the last quarter. Finally, Capital Analysts LLC acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at $50,000. The institutional investors own 86.07% of the company’s stock.
In other news, Director David W. Fader bought 10,565 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was bought at an average price of $95.84 per share, for a total transaction of $1,012,549.60. Following the completion of the transaction, the director now owns 23,878 shares in the company, valued at $2,288,467.52. The purchase was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. 1.00% of shares are currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 22nd will be paid a dividend of $1.07 per share. The ex-dividend date of this dividend is Tuesday, June 21st. This represents an annual dividend of $4.28 and a yield of 4.39%. Federal Realty Investment Trust’s payout ratio is 130.49%.
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 provide long-term, sustainable growth by investing in communities where retail demand exceeds supply.
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