Federal Realty Investment Trust (NYSE:FRT – Get Rating) – Capital One Financial dropped their Q3 2022 earnings estimates for shares of Federal Realty Investment Trust in a report released on Monday, June 6th. Capital One Financial analyst C. Lucas now expects that the real estate investment trust will post earnings per share of $1.52 for the quarter, down from their prior estimate of $1.53. Capital One Financial has a “Overweight” rating and a $145.00 price target on the stock. Capital One Financial also issued estimates for Federal Realty Investment Trust’s FY2022 earnings at $6.07 EPS, Q2 2023 earnings at $1.61 EPS, Q4 2023 earnings at $1.58 EPS and FY2024 earnings at $6.84 EPS.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last released its earnings results on Thursday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.81). The business had revenue of $256.80 million for the quarter, compared to the consensus estimate of $249.13 million. Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. Federal Realty Investment Trust’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 EPS.

A number of other brokerages have also weighed in on FRT. Wells Fargo & Company cut their target price on shares of Federal Realty Investment Trust from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note 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 target for the company in a research report on Thursday, May 12th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Federal Realty Investment Trust from $150.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. Mizuho decreased their target price on shares of Federal Realty Investment Trust from $142.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, February 15th. Finally, Truist Financial decreased their target price on shares of Federal Realty Investment Trust from $128.00 to $125.00 in a report on Friday, June 3rd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $135.27.

Shares of FRT opened at $112.26 on Wednesday. The firm’s 50-day moving average price is $117.51 and its 200-day moving average price is $122.66. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 3.17 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 $106.52 and a 1-year high of $140.51.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. bought a new position in shares of Federal Realty Investment Trust during the first quarter worth $1,481,079,000. State Street Corp boosted its position 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 worth $962,292,000 after acquiring an additional 351,320 shares during the last quarter. BlackRock Inc. boosted its position in shares of Federal Realty Investment Trust by 5.2% during the fourth 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 during the last quarter. Norges Bank bought a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $983,225,000. Finally, Geode Capital Management LLC boosted its position in shares of Federal Realty Investment Trust by 1.0% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 86.07% of the company’s stock.

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 given a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.81%. Federal Realty Investment Trust’s payout ratio is currently 130.49%.

About Federal Realty Investment Trust (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

Receive News & Ratings for Federal Realty Investment Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Federal Realty Investment Trust and related companies with MarketBeat.com’s FREE daily email newsletter.