Brokerages expect that Federal Realty Investment Trust (NYSE:FRT – Get Rating) will announce earnings of $1.48 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Federal Realty Investment Trust’s earnings, with the lowest EPS estimate coming in at $1.44 and the highest estimate coming in at $1.52. Federal Realty Investment Trust posted earnings of $1.41 per share in the same quarter last year, which suggests a positive year over year growth rate of 5%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.
According to Zacks, analysts expect that Federal Realty Investment Trust will report full-year earnings of $5.93 per share for the current fiscal year, with EPS estimates ranging from $5.79 to $6.06. For the next fiscal year, analysts forecast that the business will report earnings of $6.36 per share, with EPS estimates ranging from $6.14 to $6.53. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Federal Realty Investment Trust.
Federal Realty Investment Trust (NYSE:FRT – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.81). The business had revenue of $256.80 million during the quarter, compared to the consensus estimate of $249.13 million. Federal Realty Investment Trust had a net margin of 26.80% and a return on equity of 10.76%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the business posted $1.17 earnings per share.
Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Federal Realty Investment Trust from $150.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. Capital One Financial raised shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $130.00 to $145.00 in a report on Wednesday, February 9th. Mizuho lowered their price target on shares of Federal Realty Investment Trust from $142.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, February 15th. Raymond James raised Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a report on Thursday, May 12th. Finally, StockNews.com began coverage on Federal Realty Investment Trust in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $134.42.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. purchased a new stake in shares of Federal Realty Investment Trust in the 1st quarter valued at $1,481,079,000. State Street Corp lifted its holdings in Federal Realty Investment Trust by 4.7% in 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 period. BlackRock Inc. increased its position in Federal Realty Investment Trust by 5.2% during the 4th quarter. BlackRock Inc. now owns 7,559,988 shares of the real estate investment trust’s stock valued at $1,030,577,000 after purchasing an additional 372,411 shares during the period. Norges Bank purchased a new position in Federal Realty Investment Trust during the 4th quarter valued at $983,225,000. Finally, Cohen & Steers Inc. lifted its holdings in Federal Realty Investment Trust by 8.8% in the third quarter. Cohen & Steers Inc. now owns 2,680,579 shares of the real estate investment trust’s stock worth $316,350,000 after buying an additional 216,273 shares during the period. 86.07% of the stock is owned by institutional investors.
FRT stock traded down $1.81 during trading on Friday, reaching $109.40. The stock had a trading volume of 462,917 shares, compared to its average volume of 585,658. The company’s 50 day moving average is $118.82 and its two-hundred day moving average is $124.02. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 33.35, a P/E/G ratio of 3.62 and a beta of 1.09. Federal Realty Investment Trust has a one year low of $107.54 and a one year high of $140.51. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.61.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Wednesday, June 22nd will be issued a dividend of $1.07 per share. The ex-dividend date is Tuesday, June 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.91%. Federal Realty Investment Trust’s dividend payout ratio is 130.49%.
About Federal Realty Investment Trust (Get Rating)
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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