$228.53 Million in Sales Expected for Federal Realty Investment Trust (FRT) This Quarter

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Wall Street analysts forecast that Federal Realty Investment Trust (NYSE:FRT) will report sales of $228.53 million for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Federal Realty Investment Trust’s earnings. The lowest sales estimate is $224.99 million and the highest is $232.10 million. Federal Realty Investment Trust posted sales of $217.95 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, October 31st.

According to Zacks, analysts expect that Federal Realty Investment Trust will report full-year sales of $912.22 million for the current fiscal year, with estimates ranging from $907.38 million to $918.35 million. For the next financial year, analysts expect that the company will report sales of $958.50 million, with estimates ranging from $950.00 million to $969.63 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, August 1st. The real estate investment trust reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $224.90 million during the quarter, compared to analyst estimates of $223.56 million. Federal Realty Investment Trust had a return on equity of 12.76% and a net margin of 31.64%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 EPS.

Several brokerages have recently commented on FRT. Citigroup lifted their target price on Federal Realty Investment Trust from $142.00 to $144.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. Deutsche Bank lifted their target price on Federal Realty Investment Trust from $133.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, August 28th. ValuEngine upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Jefferies Financial Group reiterated a “hold” rating and issued a $128.00 target price on shares of Federal Realty Investment Trust in a research report on Wednesday, August 15th. Finally, SunTrust Banks raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Monday, June 25th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $137.54.

Shares of FRT traded up $1.09 during mid-day trading on Wednesday, hitting $122.90. The stock had a trading volume of 257,258 shares, compared to its average volume of 435,596. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 3.28 and a beta of 0.17. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.49. Federal Realty Investment Trust has a fifty-two week low of $106.41 and a fifty-two week high of $134.52.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 21st were issued a $1.02 dividend. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, September 20th. This represents a $4.08 annualized dividend and a dividend yield of 3.32%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 69.04%.

Several hedge funds and other institutional investors have recently made changes to their positions in FRT. Qube Research & Technologies Ltd bought a new stake in Federal Realty Investment Trust during the 2nd quarter valued at $128,000. First Hawaiian Bank bought a new stake in Federal Realty Investment Trust during the 3rd quarter valued at $139,000. Adviser Investments LLC bought a new stake in Federal Realty Investment Trust during the 2nd quarter valued at $152,000. Wolverine Asset Management LLC bought a new stake in Federal Realty Investment Trust during the 2nd quarter valued at $200,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Federal Realty Investment Trust during the 2nd quarter valued at $201,000. 91.92% of the stock is currently owned by institutional investors and hedge funds.

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, Federal Realty's 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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