Federal Realty Investment Trust (FRT) Scheduled to Post Quarterly Earnings on Wednesday

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) is set to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.72 per share for the quarter. Federal Realty Investment Trust has set its FY24 guidance at $6.70-6.88 EPS and its FY 2024 guidance at 6.700-6.880 EPS.Individual interested in participating in the company's earnings conference call can do so using this link.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.36). Federal Realty Investment Trust had a return on equity of 10.07% and a net margin of 24.69%. The company had revenue of $295.80 million for the quarter, compared to analyst estimates of $293.61 million. During the same period in the prior year, the business earned $1.67 earnings per share. Federal Realty Investment Trust's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect Federal Realty Investment Trust to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Federal Realty Investment Trust Stock Performance

NYSE:FRT traded up $0.07 during midday trading on Wednesday, reaching $114.43. The stock had a trading volume of 405,937 shares, compared to its average volume of 618,790. The stock has a market cap of $9.49 billion, a P/E ratio of 40.72, a P/E/G ratio of 2.11 and a beta of 1.23. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.57. Federal Realty Investment Trust has a 12-month low of $85.59 and a 12-month high of $118.34. The firm has a fifty day simple moving average of $114.05 and a two-hundred day simple moving average of $107.16.

Federal Realty Investment Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a $1.10 dividend. This is an increase from Federal Realty Investment Trust's previous quarterly dividend of $1.09. The ex-dividend date was Tuesday, October 1st. This represents a $4.40 annualized dividend and a dividend yield of 3.85%. Federal Realty Investment Trust's payout ratio is presently 156.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Piper Sandler raised their price objective on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Truist Financial raised their price target on Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, August 28th. Evercore ISI increased their price objective on Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. JPMorgan Chase & Co. raised their target price on Federal Realty Investment Trust from $112.00 to $121.00 and gave the company a "neutral" rating in a report on Thursday, August 8th. Finally, Mizuho upped their price target on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $122.77.

Insider Buying and Selling at Federal Realty Investment Trust

In other Federal Realty Investment Trust news, CEO Donald C. Wood sold 5,937 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Donald C. Wood sold 30,292 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the sale, the chief executive officer now owns 6,637 shares of the company's stock, valued at $771,020.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $116.47, for a total transaction of $691,482.39. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

About Federal Realty Investment Trust

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.