Palantir shares slip premarket despite posting record revenue in third quarter
Investing.com - Stifel reduced its price target on Federal Realty Investment Trust (NYSE:FRT) to $104.50 from $107.50 while maintaining a Hold rating. Currently trading at $96.55, FRT appears overvalued according to InvestingPro analysis, with a P/E ratio of 24.33 that’s high relative to its near-term earnings growth.
The adjustment follows Federal Realty’s third-quarter funds from operations (FFO) of $1.77, which matched Stifel’s estimate and exceeded consensus by $0.01.
Federal Realty raised its 2025 FFO guidance to $7.20-$7.26 from $7.16-$7.26, implying approximately 6.8% year-over-year growth at the midpoint, compared to Street expectations of $7.18.
Excluding new market tax credit transaction income, the company’s revised guidance is $7.05-$7.11, up from $7.01-$7.11, representing 4.6% growth at the midpoint.
The updated outlook assumes comparable property operating income growth of 3.50%-4.00%, development capital of $170-$190 million, and $5-$6 million in lease termination fees, among other factors. With a market cap of $8.37 billion and a notable 4.76% dividend yield, FRT has maintained dividend payments for 53 consecutive years. Discover more insights with InvestingPro, including comprehensive Pro Research Reports available for this and 1,400+ US equities.
In other recent news, Federal Realty Investment Trust reported mixed results for its third-quarter earnings in 2025. The company announced an earnings per share (EPS) of $0.69, which was below the anticipated $0.80, representing a 13.75% negative surprise. However, Federal Realty’s revenue reached $322.25 million, surpassing forecasts. These developments have drawn attention from investors looking to understand the company’s financial health. The earnings report highlighted the company’s ability to generate higher-than-expected revenue despite falling short on EPS. Analysts and investors will be closely monitoring Federal Realty’s future performance in light of these results.
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