Federal Realty Investment Trust (FRT) Issues FY17 Earnings Guidance

Federal Realty Investment Trust (NYSE:FRT) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.89-5.92 for the period, compared to the Thomson Reuters consensus estimate of $5.90.

Shares of Federal Realty Investment Trust (FRT) opened at $132.01 on Friday. The company has a market cap of $9,576.93, a price-to-earnings ratio of 22.41, a P/E/G ratio of 5.04 and a beta of 0.31. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27. Federal Realty Investment Trust has a 1-year low of $119.37 and a 1-year high of $145.80.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The business had revenue of $217.95 million during the quarter, compared to analyst estimates of $213.63 million. During the same quarter in the prior year, the firm earned $1.41 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. analysts expect that Federal Realty Investment Trust will post 5.91 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $4.00 annualized dividend and a dividend yield of 3.03%. Federal Realty Investment Trust’s dividend payout ratio is presently 97.56%.

Several analysts recently weighed in on FRT shares. UBS AG raised shares of Federal Realty Investment Trust from a neutral rating to a buy rating and raised their target price for the company from $131.00 to $141.00 in a report on Thursday. Mizuho reaffirmed a buy rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Boenning Scattergood reiterated a buy rating and issued a $140.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. BMO Capital Markets initiated coverage on shares of Federal Realty Investment Trust in a research note on Sunday, September 17th. They issued an outperform rating and a $145.00 price target on the stock. Finally, Jefferies Group LLC dropped their price target on shares of Federal Realty Investment Trust from $136.00 to $130.00 and set a hold rating on the stock in a research note on Friday, September 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. Federal Realty Investment Trust currently has an average rating of Buy and an average target price of $140.50.

In related news, EVP Dawn M. Becker sold 21,814 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the transaction, the executive vice president now directly owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald C. Wood sold 9,286 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $131.12, for a total value of $1,217,580.32. The disclosure for this sale can be found here. Insiders sold a total of 52,442 shares of company stock valued at $6,866,065 in the last 90 days. 1.10% of the stock is owned by company insiders.

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Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

Earnings History and Estimates for Federal Realty Investment Trust (NYSE:FRT)

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