Q4 2019 EPS Estimates for Federal Realty Investment Trust Lowered by Jefferies Financial Group (NYSE:FRT)

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Federal Realty Investment Trust (NYSE:FRT) – Investment analysts at Jefferies Financial Group decreased their Q4 2019 EPS estimates for Federal Realty Investment Trust in a research note issued to investors on Monday, October 14th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will earn $1.63 per share for the quarter, down from their prior estimate of $1.64. Jefferies Financial Group also issued estimates for Federal Realty Investment Trust’s Q3 2020 earnings at $1.66 EPS, Q4 2020 earnings at $1.70 EPS, FY2020 earnings at $6.67 EPS and Q1 2021 earnings at $1.69 EPS.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 EPS for the quarter, topping the consensus estimate of $1.58 by $0.02. Federal Realty Investment Trust had a net margin of 27.82% and a return on equity of 11.13%. The company had revenue of $229.73 million during the quarter, compared to analysts’ expectations of $232.00 million. During the same period last year, the company posted $1.55 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis.

Several other research analysts have also recently commented on the stock. Mizuho upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 target price for the company in a report on Friday, September 13th. ValuEngine cut shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Compass Point began coverage on shares of Federal Realty Investment Trust in a report on Thursday, August 15th. They issued a “buy” rating and a $142.00 target price for the company. DA Davidson cut shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a report on Tuesday, July 23rd. Finally, Deutsche Bank upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $134.00 to $141.00 in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $142.88.

Shares of FRT opened at $136.47 on Tuesday. Federal Realty Investment Trust has a one year low of $115.09 and a one year high of $139.29. The company has a 50-day moving average of $134.12 and a two-hundred day moving average of $132.60. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 4.41 and a beta of 0.45. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.55 and a quick ratio of 1.55.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 23rd were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.08%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. The ex-dividend date was Friday, September 20th. Federal Realty Investment Trust’s dividend payout ratio is 67.42%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Resolution Capital Ltd lifted its position in shares of Federal Realty Investment Trust by 94.6% in the third quarter. Resolution Capital Ltd now owns 1,006,892 shares of the real estate investment trust’s stock worth $137,078,000 after purchasing an additional 489,540 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Federal Realty Investment Trust by 8.5% in the third quarter. Pacer Advisors Inc. now owns 8,653 shares of the real estate investment trust’s stock worth $1,178,000 after purchasing an additional 677 shares in the last quarter. Perpetual Ltd lifted its position in shares of Federal Realty Investment Trust by 111.3% in the third quarter. Perpetual Ltd now owns 45,000 shares of the real estate investment trust’s stock worth $6,145,000 after purchasing an additional 23,700 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Federal Realty Investment Trust by 12.0% in the third quarter. Crossmark Global Holdings Inc. now owns 4,816 shares of the real estate investment trust’s stock worth $656,000 after purchasing an additional 515 shares in the last quarter. Finally, Cox Capital Mgt LLC lifted its position in shares of Federal Realty Investment Trust by 1.8% in the third quarter. Cox Capital Mgt LLC now owns 11,308 shares of the real estate investment trust’s stock worth $1,539,000 after purchasing an additional 204 shares in the last quarter. 88.51% of the stock is owned by institutional investors and hedge funds.

About Federal Realty Investment Trust

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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