Federal Realty Investment Trust (NYSE:FRT) Releases Earnings Results, Beats Estimates By $0.01 EPS

Federal Realty Investment Trust (NYSE:FRT) released its quarterly earnings data on Friday. The real estate investment trust reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.01, Zacks reports. Federal Realty Investment Trust had a net margin of 28.01% and a return on equity of 11.19%. The firm had revenue of $322.25 million for the quarter, compared to the consensus estimate of $318.73 million. During the same period last year, the firm earned $1.71 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Federal Realty Investment Trust updated its FY 2025 guidance to 7.200-7.260 EPS.

Federal Realty Investment Trust Trading Up 1.5%

NYSE:FRT opened at $96.31 on Friday. Federal Realty Investment Trust has a 52 week low of $80.65 and a 52 week high of $118.09. The firm has a 50 day moving average of $99.41 and a 200 day moving average of $96.40. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 3.78 and a beta of 1.15.

Federal Realty Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, January 2nd will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $4.52 dividend on an annualized basis and a yield of 4.7%. Federal Realty Investment Trust’s dividend payout ratio is presently 114.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FRT shares. Scotiabank increased their price objective on shares of Federal Realty Investment Trust from $113.00 to $114.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Stifel Nicolaus set a $104.50 price objective on shares of Federal Realty Investment Trust in a research note on Friday. Wells Fargo & Company started coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, October 21st. They set an “overweight” rating and a $113.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Federal Realty Investment Trust from $108.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, August 27th. Finally, Barclays increased their price objective on shares of Federal Realty Investment Trust from $112.00 to $113.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $108.54.

Institutional Investors Weigh In On Federal Realty Investment Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rafferty Asset Management LLC lifted its position in Federal Realty Investment Trust by 16.9% during the second quarter. Rafferty Asset Management LLC now owns 9,833 shares of the real estate investment trust’s stock valued at $934,000 after acquiring an additional 1,425 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Federal Realty Investment Trust during the second quarter valued at approximately $855,000. Gallagher Fiduciary Advisors LLC purchased a new position in shares of Federal Realty Investment Trust in the second quarter worth $731,000. Benjamin Edwards Inc. raised its holdings in shares of Federal Realty Investment Trust by 14.3% in the second quarter. Benjamin Edwards Inc. now owns 7,684 shares of the real estate investment trust’s stock worth $730,000 after buying an additional 962 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Federal Realty Investment Trust by 12.8% in the second quarter. Corient Private Wealth LLC now owns 6,169 shares of the real estate investment trust’s stock worth $586,000 after buying an additional 702 shares during the last quarter. Hedge funds and other institutional investors own 93.86% of the company’s stock.

Federal Realty Investment Trust Company Profile

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