Federal Realty Investment Trust Expected to Earn Q1 2023 Earnings of $1.56 Per Share (NYSE:FRT)

Posted by Defense World Staff on Apr 8th, 2023

Federal Realty Investment Trust (NYSE:FRT – Get Rating) – Stock analysts at Jefferies Financial Group decreased their Q1 2023 earnings per share estimates for shares of Federal Realty Investment Trust in a note issued to investors on Tuesday, April 4th. Jefferies Financial Group analyst L. Tsai now expects that the real estate investment trust will post earnings per share of $1.56 for the quarter, down from their prior estimate of $1.64. The consensus estimate for Federal Realty Investment Trust’s current full-year earnings is $6.48 per share. Jefferies Financial Group also issued estimates for Federal Realty Investment Trust’s Q2 2023 earnings at $1.61 EPS and Q4 2023 earnings at $1.67 EPS.

A number of other equities analysts have also weighed in on FRT. UBS Group boosted their price target on shares of Federal Realty Investment Trust from $107.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, February 9th. StockNews.com initiated coverage on shares of Federal Realty Investment Trust in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Mizuho dropped their price target on shares of Federal Realty Investment Trust from $115.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, March 1st. Raymond James decreased their price objective on Federal Realty Investment Trust from $130.00 to $120.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 4th. Finally, Piper Sandler cut their price target on Federal Realty Investment Trust from $118.00 to $111.00 and set a “neutral” rating for the company in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust presently has an average rating of “Moderate Buy” and a consensus price target of $116.31.

Federal Realty Investment Trust Price Performance

NYSE:FRT opened at $97.74 on Thursday. The stock has a market capitalization of $7.95 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.28 and a beta of 1.19. The stock’s 50-day moving average price is $103.04 and its 200-day moving average price is $102.09. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.53. Federal Realty Investment Trust has a 52 week low of $86.43 and a 52 week high of $128.13.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The real estate investment trust reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.17). The business had revenue of $279.80 million during the quarter, compared to the consensus estimate of $277.24 million. Federal Realty Investment Trust had a net margin of 35.88% and a return on equity of 14.06%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Czech National Bank lifted its position in shares of Federal Realty Investment Trust by 1.1% during the fourth quarter. Czech National Bank now owns 8,558 shares of the real estate investment trust’s stock worth $865,000 after purchasing an additional 97 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Federal Realty Investment Trust by 2.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 4,161 shares of the real estate investment trust’s stock valued at $375,000 after purchasing an additional 101 shares during the period. Creative Planning boosted its stake in shares of Federal Realty Investment Trust by 3.9% in the 2nd quarter. Creative Planning now owns 2,840 shares of the real estate investment trust’s stock valued at $272,000 after purchasing an additional 106 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Federal Realty Investment Trust by 1.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,826 shares of the real estate investment trust’s stock worth $975,000 after buying an additional 119 shares during the period. Finally, Neuberger Berman Group LLC lifted its holdings in Federal Realty Investment Trust by 3.7% in the fourth quarter. Neuberger Berman Group LLC now owns 3,670 shares of the real estate investment trust’s stock valued at $371,000 after buying an additional 132 shares during the period. 86.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Daniel Guglielmone sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $110.69, for a total value of $276,725.00. Following the transaction, the chief financial officer now directly owns 50,782 shares of the company’s stock, valued at approximately $5,621,059.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Daniel Guglielmone sold 2,500 shares of Federal Realty Investment Trust stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $110.69, for a total value of $276,725.00. Following the transaction, the chief financial officer now directly owns 50,782 shares in the company, valued at $5,621,059.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Donald C. Wood sold 10,000 shares of Federal Realty Investment Trust stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $111.24, for a total value of $1,112,400.00. Following the completion of the transaction, the chief executive officer now directly owns 200,710 shares in the company, valued at $22,326,980.40. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Federal Realty Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Monday, March 13th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, March 10th. Federal Realty Investment Trust’s payout ratio is presently 92.51%.

Federal Realty Investment Trust Company Profile

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Federal Realty Investment Trust is an equity real estate investment trust. It engages in ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.