Federal Realty Investment Trust (FRT) Expected to Announce Earnings of $1.50 Per Share

Equities analysts expect Federal Realty Investment Trust (NYSE:FRT) to report earnings of $1.50 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Federal Realty Investment Trust’s earnings. The highest EPS estimate is $1.52 and the lowest is $1.48. Federal Realty Investment Trust reported earnings of $1.45 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that Federal Realty Investment Trust will report full-year earnings of $6.17 per share for the current fiscal year, with EPS estimates ranging from $6.14 to $6.20. For the next year, analysts expect that the firm will post earnings of $6.53 per share, with EPS estimates ranging from $6.45 to $6.67. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Federal Realty Investment Trust.

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Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.57. Federal Realty Investment Trust had a net margin of 33.81% and a return on equity of 12.68%. The business had revenue of $223.96 million during the quarter, compared to analyst estimates of $218.68 million. During the same quarter in the previous year, the business earned $0.80 EPS.

Several research firms recently issued reports on FRT. Deutsche Bank reduced their price objective on shares of Federal Realty Investment Trust from $146.00 to $135.00 and set a “hold” rating for the company in a research note on Monday, March 19th. JPMorgan Chase & Co. reduced their price objective on shares of Federal Realty Investment Trust from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Monday, March 19th. Jefferies Group set a $123.00 price objective on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a research note on Tuesday, February 27th. Mizuho reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Federal Realty Investment Trust in a research note on Friday, February 23rd. Finally, Sandler O’Neill set a $130.00 price objective on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Saturday, February 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Federal Realty Investment Trust has a consensus rating of “Buy” and an average target price of $135.92.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $117.76, for a total transaction of $3,532,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Elkfork Partners LLC bought a new position in shares of Federal Realty Investment Trust during the 4th quarter worth about $459,000. Xact Kapitalforvaltning AB increased its holdings in shares of Federal Realty Investment Trust by 17.8% during the 4th quarter. Xact Kapitalforvaltning AB now owns 6,591 shares of the real estate investment trust’s stock worth $875,000 after purchasing an additional 996 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Federal Realty Investment Trust by 3.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 12,480 shares of the real estate investment trust’s stock worth $1,658,000 after purchasing an additional 474 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Federal Realty Investment Trust by 8.6% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 32,466 shares of the real estate investment trust’s stock worth $4,312,000 after purchasing an additional 2,584 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Federal Realty Investment Trust by 53.9% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,711 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 1,300 shares during the period. 97.76% of the stock is owned by hedge funds and other institutional investors.

Federal Realty Investment Trust (NYSE FRT) traded down $0.10 during mid-day trading on Friday, hitting $112.41. 22,112 shares of the company traded hands, compared to its average volume of 540,940. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.30 and a current ratio of 1.30. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $138.12. The firm has a market cap of $8,234.91, a price-to-earnings ratio of 28.37, a PEG ratio of 3.04 and a beta of 0.29.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 14th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Tuesday, March 13th. Federal Realty Investment Trust’s dividend payout ratio is 100.76%.

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Federal Realty Investment Trust Company Profile

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, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent 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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