Federal Realty Investment Stock (NYSE: FRT)

Federal Realty Investment (NYSE:FRT) Stock, Quote.Headers.trade-ideas

Federal Realty Investment

Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 26.0 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.

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Federal Realty Investment Trust Depositary Shares, each representing a 1/1000th interest in a 5.000% Series C Cumulative Redeemable Preferred Share

Evercore ISI Group analyst Steve Sakwa maintains Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) with a Outperform and raises the price target from $120 to $123.

Evercore ISI Group Maintains Outperform on Federal Realty Investment, Raises Price Target to $123

Citigroup analyst Nicholas Joseph upgrades Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) from Neutral to Buy and raises the price target from $120 to $135.

Upgrades

Citigroup Upgrades Federal Realty Investment to Buy, Raises Price Target to $135

Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Federal Realty Investment and provided 12-month price targets. The average target is $122.78, accompanied by a high estimate of $135.00 and a low estimate of $116.00. This upward trend is evident, with the current average reflecting a 7.07% increase from the previous average price target of $114.67.
<img src="https://www.benzinga.com/files/images/story/2024/1725987659_0_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Federal Realty Investment by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Floris Van Dijkum</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$130.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$121.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$119.00</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$122.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$120.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$116.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>RJ Milligan</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Michael Mueller</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$121.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$122.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Federal Realty Investment. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Federal Realty Investment compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Federal Realty Investment's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Federal Realty Investment's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FRT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Federal Realty Investment analyst ratings.</a>
<h2>Delving into Federal Realty Investment's Background</h2>
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 26.0 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.
<h3>Financial Milestones: Federal Realty Investment's Journey</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Federal Realty Investment showcased positive performance, achieving a revenue growth rate of 5.48% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 37.15%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Federal Realty Investment's ROE stands out, surpassing industry averages. With an impressive ROE of 3.93%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Federal Realty Investment's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.32%, the company showcases efficient use of assets and strong financial health.
Debt Management: Federal Realty Investment's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.64.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Federal Realty Investment

Compass Point analyst Floris Van Dijkum maintains Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) with a Buy and raises the price target from $125 to $130.

Compass Point Maintains Buy on Federal Realty Investment, Raises Price Target to $130

Making a noteworthy insider sell on September 9, DONALD WOOD, Chief Executive Officer at Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>), is reported in the latest SEC filing.
What Happened: WOOD's decision to sell 36,929 shares of Federal Realty Investment was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000034903/000003490324000060//Archives/edgar/data/34903/000003490324000060/0000034903-24-000060-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the sale is $4,292,087.
At Tuesday morning, Federal Realty Investment shares are down by 0.0%, trading at $117.12.
<h3>About Federal Realty Investment</h3>
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 26.0 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.
<h3>Federal Realty Investment: Delving into Financials</h3>
Revenue Growth: Federal Realty Investment's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 5.48%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 68.19%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.32, Federal Realty Investment showcases strong earnings per share.
</li>
</ul>
Debt Management: Federal Realty Investment's debt-to-equity ratio is below the industry average at 1.64, reflecting a lower dependency on debt financing and a more conservative financial approach.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 34.35, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 8.25 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 18.0 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>Transaction Codes To Focus On</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000034903">Check Out The Full List Of Federal Realty Investment's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Transaction: DONALD WOOD Sells $4.29M Worth Of Federal Realty Investment Shares

Truist Securities analyst Ki Bin Kim maintains Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) with a Buy and raises the price target from $115 to $121.

Truist Securities Maintains Buy on Federal Realty Investment, Raises Price Target to $121

Evercore ISI Group analyst Steve Sakwa maintains Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) with a Outperform and raises the price target from $119 to $120.

Evercore ISI Group Maintains Outperform on Federal Realty Investment, Raises Price Target to $120

Wells Fargo analyst Dori Kesten maintains Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) with a Overweight and raises the price target from $115 to $122.

Wells Fargo Maintains Overweight on Federal Realty Investment, Raises Price Target to $122

Scotiabank analyst Nicholas Yulico maintains Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) with a Sector Outperform and raises the price target from $112 to $120.

Scotiabank Maintains Sector Outperform on Federal Realty Investment, Raises Price Target to $120

Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) has been analyzed by 6 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $118.5, along with a high estimate of $135.00 and a low estimate of $104.00. This current average reflects an increase of 7.89% from the previous average price target of $109.83. 
<img src="https://www.benzinga.com/files/images/story/2024/1724094018_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The analysis of recent analyst actions sheds light on the perception of Federal Realty Investment by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$116.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>RJ Milligan</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$108.00</td>
</tr>
<tr>
<td>Michael Mueller</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$121.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$115.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$104.00</td>
<td>$101.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Federal Realty Investment. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Federal Realty Investment compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Federal Realty Investment's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Federal Realty Investment's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FRT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Federal Realty Investment analyst ratings.</a>
<h2>About Federal Realty Investment</h2>
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 26.0 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.
<h3>Federal Realty Investment's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Federal Realty Investment's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 5.48%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Federal Realty Investment's net margin is impressive, surpassing industry averages. With a net margin of 37.15%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Federal Realty Investment's ROE excels beyond industry benchmarks, reaching 3.93%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Federal Realty Investment's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.32%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 1.64, Federal Realty Investment adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 6 Analysts Discuss Federal Realty Investment Stock

Mizuho analyst Vikram Malhorta maintains Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) with a Neutral and raises the price target from $104 to $116.

Mizuho Maintains Neutral on Federal Realty Investment, Raises Price Target to $116

Raymond James analyst RJ Milligan maintains Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) with a Outperform and raises the price target from $108 to $120.

Raymond James Maintains Outperform on Federal Realty Investment, Raises Price Target to $120

JP Morgan analyst Michael Mueller maintains Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) with a Neutral and raises the price target from $112 to $121.

JP Morgan Maintains Neutral on Federal Realty Investment, Raises Price Target to $121

Regency Centers Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reg#NASDAQ">REG</a>) reported second-quarter 2024 NAREIT funds from operations (FFO) per share of $1.06, outpacing the Zacks Consensus Estimate of $1.02. The figure increased 2.9% from the prior-year quarter.
Results reflect healthy leasing activity and a year-over-year improvement in the base rent. However, high interest expenses during the quarter acted as a dampener. The company also raised its 2024 outlook.
Total revenues of $357.3 million increased 13.7% from the year-ago period. However, the figure lagged the Zacks Consensus Estimate of $361.6 million.
<h3>Behind the Headlines</h3>
In the second quarter, Regency Centers executed approximately 2.2 million square feet of comparable new and renewal leases at a blended cash rent spread of 9.2%.
As of Jun 30, 2024, REG&#39;s Same Property portfolio was 95.8% leased, remaining unchanged sequentially and reflecting an expansion of 80 basis points (bps) year over year.
The Same Property anchor percent leased (includes spaces greater than or equal to 10,000 square feet) was 97.2%, remaining unchanged sequentially and increasing 80 bps year over year.
The Same Property shop percent leased (includes spaces less than 10,000 square feet) was 93.5%, remaining unchanged sequentially and increasing 80 bps year over year.
The Same Property net operating income (NOI), excluding lease termination fees or the collection of receivables reserved during 2020 and 2021, increased 3.3% on a year-over-year basis to $230.7 million. The Same Property base rents contributed 2.9% to same-property NOI growth in the quarter.
As of Jun 30, 2024, Regency Centers&#39; in-process development and redevelopment projects estimated net project costs of around $578 million at the company&#39;s share. So far, it has incurred 49% of the cost.
Net interest expense was up 16.8% year over year to $43.2 million in the reported quarter.
<h3>Balance Sheet</h3>
The company ended the second quarter of 2024 with cash, cash equivalents and restricted cash of $79.2 million, down from $230.1 million as of Mar 31, 2024.
As of Jun 30, 2024, this retail REIT had nearly $1.2 billion of capacity under its revolving credit facility. As of the same date, its pro-rata net debt-to-operating EBITDAre was 5.3X on a trailing 12-month basis.
<h3>Dividend Update</h3>
On Jul 31, Regency Centers&#39; board of directors declared a quarterly cash dividend payment on its common stock of 67 cents. The dividend will be paid out on Oct 3, 2024, to its shareholders of record as of Sep 12, 2024.
<h3>2024 Outlook Raised</h3>
Regency Centers raised the 2024 NAREIT FFO per share guidance to the range of $4.21-$4.25 from the prior-guided range of $4.15-$4.21. The Zacks Consensus Estimate is presently pegged at $4.19, which is below the guided range.
The Same Property NOI (excluding termination fees or collection of 2020/2021 reserves) is expected to be between 2.25% and 2.75%, up from the previous estimation of 2% and 2.5%.
Regency Centers currently carries a Zacks Rank #2 (Buy).
<div class="chart_embed">
<h3>Regency Centers Corporation Price, Consensus and EPS Surprise</h3>
<img alt="Regency Centers Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/ad/1722612390.png" style="height:265px; width:577px" title="" />
Regency Centers Corporation price-consensus-eps-surprise-chart | Regency Centers Corporation Quote
</div>
<h3>Performance of Other Retail REITs</h3>
SITE Centers Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sitc#NYSE">SITC</a>) reported second-quarter 2024 operating funds from operations per share of 27 cents, which beat the Zacks Consensus Estimate of 24 cents. The figure fell 6.9% year over year.
Results reflected a rise in base rent per square foot and same-store NOI.
Federal Realty Investment Trust&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frt#NYSE">FRT</a>) second-quarter 2024 FFO per share of $1.69 surpassed the Zacks Consensus Estimate of $1.68. The figure marked a rise of 1.2% from the year-ago quarter&#39;s tally of $1.67.
Results reflected a healthy leasing activity and better-than-expected growth in revenues. The retail REIT also tightened and raised its guidance for 2024 FFO per share and announced a hike in dividend.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2315528/regency-centers-reg-q2-ffo-beat-estimates-24-view-raised?cid=CS-BENZ-FT-analyst_blog|earnings_article-2315528">To read this article on Zacks.com click here.</a>

Regency Centers Q2 FFO Beat Estimates, '24 View Raised

Across the recent three months, 5 analysts have shared their insights on Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $116.2, a high estimate of $135.00, and a low estimate of $104.00. Witnessing a positive shift, the current average has risen by 3.57% from the previous average price target of $112.20.
<img src="https://www.benzinga.com/files/images/story/2024/1722610843_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A clear picture of Federal Realty Investment's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$115.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Vikram Malhorta</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$104.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$115.00</td>
<td>$117.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$112.00</td>
<td>$109.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Federal Realty Investment. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Federal Realty Investment compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Federal Realty Investment's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Federal Realty Investment's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FRT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Federal Realty Investment analyst ratings.</a>
<h2>Get to Know Federal Realty Investment Better</h2>
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 26.0 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.
<h3>Federal Realty Investment: A Financial Overview</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Over the 3 months period, Federal Realty Investment showcased positive performance, achieving a revenue growth rate of 6.69% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Federal Realty Investment's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 18.79%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Federal Realty Investment's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.97%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.66%, the company showcases effective utilization of assets.
Debt Management: Federal Realty Investment's debt-to-equity ratio is below the industry average at 1.66, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 5 Analyst Insights On Federal Realty Investment

Piper Sandler analyst Alexander Goldfarb maintains Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) with a Overweight and raises the price target from $122 to $135.

Piper Sandler Maintains Overweight on Federal Realty Investment, Raises Price Target to $135

Federal Realty Investment Sees FY24 FFO $6.70-$6.88 Vs $6.80 Est.

Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) reported quarterly earnings of $1.69 per share which beat the analyst consensus estimate of $1.68 by 0.6 percent. The company reported quarterly sales of $296.052 million which beat the analyst consensus estimate of $293.604 million by 0.83 percent. This is a 5.48 percent increase over sales of $280.679 million the same period last year.

Earnings Beats

Federal Realty Investment Q2 2024 FFO $1.69 Beats $1.68 Estimate, Sales $296.052M Beat $293.604M Estimate

As the real estate investment landscape continues to evolve, investors seek stable returns and diversification through Real Estate Investment Trusts (REITs). Among the myriad of options available, two REITs stand out for their exceptional performance and strategic positioning in the market. Let's take a look at each.
<h2 class="wp-block-heading">Federal Realty Investment Trust</h2>
Federal Realty Investment Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) owns and manages a portfolio of 102 mixed-use properties and open and shopping centers containing 26 million square feet in top suburban markets, including Boston, Chicago, Miami, New York City, Philadelphia, Phoenix, Silicon Valley, and Washington, D.C. These properties contain approximately 3,300 commercial tenants and approximately 3,100 residential units.
Federal Realty currently pays a quarterly dividend of $1.09 per share, equating to an annualized dividend of $4.36 per share, which gives its stock a yield of about 4.3% at the time of this writing.&nbsp;
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." These<a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail"> high-yield real estate notes that pay 7.5% &#8211; 9%</a> make earning passive income easier than ever.</li>
</ul>
On top of offering investors a high yield, Federal Realty has raised its annual dividend payment for an eye-popping 56 consecutive years, the longest consecutive record in the REIT industry.
<h2 class="wp-block-heading">Realty Income</h2>
Realty Income (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>) is the 5th largest global REIT with a portfolio of 15,485 commercial properties totaling approximately 334 million square feet.
Realty Income currently pays a monthly dividend of $0.263, equating to an annualized dividend of $3.156 per share, which gives its stock a yield of about 5.9% at the time of this writing.&nbsp;
Like Federal Realty, Realty Income offers dividend growth to go with its high yield. It has raised its annual dividend for 29 consecutive years, and its recent hikes have it on track for 2024 to mark the 30th consecutive year with an increase.
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Image Credit: Shutterstock

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Press Releases

Federal Realty Investment Trust Announces First Quarter 2024 Operating Results

FEDERAL REALTY PARTNERS WITH FIFTH WALL

Federal Realty Investment Trust Announces Second Quarter 2024 Earnings Release Date and Conference Call Information

Federal Realty Releases 2023 Sustainability Report

Federal Realty Acquires Virginia Gateway in Dynamic & Affluent Northern Virginia

Federal Realty Investment Trust Completes Sale of Third Street Promenade Portfolio

Federal Realty Investment Trust Announces Second Quarter 2024 Operating Results

Federal Realty to Present at BofA Securities 2024 Global Real Estate Conference

Federal Realty Investment Trust Announces Third Quarter 2024 Earnings Release Date and Conference Call Information

Federal Realty Investment Trust Earns Dual Top Workplace Honors from The Washington Post and San Francisco Chronicle

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