Federal Realty Investment Trust (NYSE:FRT) Issues FY24 Earnings Guidance

Federal Realty Investment Trust (NYSE:FRTGet Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share guidance of $6.65-6.87 for the period, compared to the consensus earnings per share estimate of $6.77.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FRT. Truist Financial upgraded shares of Federal Realty Investment Trust from a hold rating to a buy rating and increased their price objective for the company from $108.00 to $117.00 in a report on Tuesday, January 16th. Piper Sandler increased their target price on shares of Federal Realty Investment Trust from $116.00 to $122.00 and gave the stock an overweight rating in a report on Wednesday, December 20th. Wells Fargo & Company cut their target price on shares of Federal Realty Investment Trust from $103.00 to $97.00 and set an equal weight rating on the stock in a report on Monday, November 13th. Mizuho increased their target price on shares of Federal Realty Investment Trust from $98.00 to $104.00 and gave the stock a neutral rating in a report on Wednesday, January 10th. Finally, Barclays increased their target price on shares of Federal Realty Investment Trust from $119.00 to $120.00 and gave the stock an overweight rating in a report on Friday, January 19th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Federal Realty Investment Trust currently has a consensus rating of Moderate Buy and a consensus target price of $111.67.

Get Our Latest Stock Analysis on Federal Realty Investment Trust

Federal Realty Investment Trust Stock Down 0.4 %

Federal Realty Investment Trust stock traded down $0.43 during mid-day trading on Monday, reaching $100.71. The company’s stock had a trading volume of 734,104 shares, compared to its average volume of 717,666. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 3.38 and a beta of 1.23. Federal Realty Investment Trust has a 12 month low of $85.27 and a 12 month high of $112.58. The business’s 50 day simple moving average is $102.30 and its 200 day simple moving average is $97.22. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.43 and a current ratio of 1.43.

Insider Activity at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 345 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $99.91, for a total value of $34,468.95. Following the completion of the transaction, the chief executive officer now owns 209,259 shares of the company’s stock, valued at $20,907,066.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Donald C. Wood sold 345 shares of Federal Realty Investment Trust stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $99.91, for a total value of $34,468.95. Following the completion of the transaction, the chief executive officer now owns 209,259 shares of the company’s stock, valued at approximately $20,907,066.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey S. Berkes sold 4,870 shares of Federal Realty Investment Trust stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $94.86, for a total transaction of $461,968.20. Following the completion of the transaction, the chief operating officer now directly owns 65,470 shares of the company’s stock, valued at approximately $6,210,484.20. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of Federal Realty Investment Trust in the 1st quarter valued at about $1,481,079,000. BlackRock Inc. lifted its stake in shares of Federal Realty Investment Trust by 2.8% during the 1st quarter. BlackRock Inc. now owns 7,817,317 shares of the real estate investment trust’s stock worth $772,585,000 after buying an additional 210,347 shares during the last quarter. State Street Corp lifted its stake in shares of 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 worth $962,292,000 after buying an additional 351,320 shares during the last quarter. Norges Bank acquired a new stake in shares of Federal Realty Investment Trust during the 4th quarter worth about $728,764,000. Finally, Geode Capital Management LLC lifted its stake in shares of Federal Realty Investment Trust by 2.5% during the 1st quarter. Geode Capital Management LLC now owns 1,717,783 shares of the real estate investment trust’s stock worth $169,577,000 after buying an additional 41,187 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Federal Realty Investment Trust Company Profile

(Get Free Report)

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.

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

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