Federal Realty Investment Trust (NYSE:FRT) Updates FY22 Earnings Guidance

Federal Realty Investment Trust (NYSE:FRTGet Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.10-6.25 for the period, compared to the consensus estimate of $6.01. Federal Realty Investment Trust also updated its FY 2022 guidance to $6.10-$6.25 EPS.

Federal Realty Investment Trust Price Performance

FRT stock traded up $0.71 during trading on Friday, hitting $105.75. 834,736 shares of the stock traded hands, compared to its average volume of 644,267. Federal Realty Investment Trust has a one year low of $92.02 and a one year high of $140.51. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 2.94 and a beta of 1.13. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 1.51. The company has a 50 day simple moving average of $101.50 and a 200 day simple moving average of $113.18.

Federal Realty Investment Trust (NYSE:FRTGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.81). The firm had revenue of $256.80 million for the quarter, compared to analyst estimates of $249.13 million. Federal Realty Investment Trust had a net margin of 27.46% and a return on equity of 11.05%. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Equities analysts expect that Federal Realty Investment Trust will post 6.02 EPS for the current fiscal year.

Federal Realty Investment Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Thursday, September 22nd will be given a dividend of $1.08 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.07. This represents a $4.32 annualized dividend and a yield of 4.09%. The ex-dividend date is Wednesday, September 21st. Federal Realty Investment Trust’s dividend payout ratio is 123.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FRT shares. UBS Group reduced their price target on shares of Federal Realty Investment Trust from $126.00 to $108.00 and set a neutral rating on the stock in a research note on Monday, July 25th. Mizuho reduced their price target on shares of Federal Realty Investment Trust from $129.00 to $117.00 and set a buy rating on the stock in a research note on Thursday, July 21st. Jefferies Financial Group reduced their price target on shares of Federal Realty Investment Trust from $133.00 to $96.00 and set a hold rating on the stock in a research note on Thursday, June 30th. Credit Suisse Group started coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, June 22nd. They issued a neutral rating and a $104.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Federal Realty Investment Trust from $143.00 to $121.00 in a report on Monday, July 11th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $124.29.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of Federal Realty Investment Trust in the first quarter worth about $1,481,079,000. State Street Corp raised its stake in 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 valued at $962,292,000 after purchasing an additional 351,320 shares during the period. Invesco Ltd. raised its stake in Federal Realty Investment Trust by 62.6% during the 1st quarter. Invesco Ltd. now owns 1,330,651 shares of the real estate investment trust’s stock valued at $162,432,000 after purchasing an additional 512,382 shares during the period. Prudential Financial Inc. raised its stake in Federal Realty Investment Trust by 55.0% during the 1st quarter. Prudential Financial Inc. now owns 447,974 shares of the real estate investment trust’s stock valued at $54,683,000 after purchasing an additional 159,043 shares during the period. Finally, Hsbc Holdings PLC raised its stake in Federal Realty Investment Trust by 31.3% during the 1st quarter. Hsbc Holdings PLC now owns 363,589 shares of the real estate investment trust’s stock valued at $44,973,000 after purchasing an additional 86,586 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

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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.

See Also

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

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