Federal Realty Investment Trust to Post FY2018 Earnings of $6.15 Per Share, Capital One Financial Corporation Forecasts (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Investment analysts at Capital One Financial Corporation reduced their FY2018 EPS estimates for shares of Federal Realty Investment Trust in a note issued to investors on Tuesday, according to Zacks Investment Research. Capital One Financial Corporation analyst C. Lucas now anticipates that the real estate investment trust will earn $6.15 per share for the year, down from their prior estimate of $6.16. Capital One Financial Corporation also issued estimates for Federal Realty Investment Trust’s FY2019 earnings at $6.50 EPS.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.03. The firm had revenue of $217.95 million during the quarter, compared to analyst estimates of $213.63 million. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.41 EPS. TRADEMARK VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/11/12/fy2018-eps-estimates-for-federal-realty-investment-trust-frt-reduced-by-analyst.html.

A number of other research firms have also commented on FRT. Boenning Scattergood set a $140.00 price target on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and set a $136.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday, July 25th. BidaskClub raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. BMO Capital Markets started coverage on shares of Federal Realty Investment Trust in a research report on Monday, September 11th. They set an “outperform” rating and a $145.00 price objective on the stock. Finally, Bank of America Corporation raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $146.00 in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $140.50.

Shares of Federal Realty Investment Trust (FRT) opened at $132.01 on Wednesday. Federal Realty Investment Trust has a 1-year low of $119.37 and a 1-year high of $145.80. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.27. 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.

A number of institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Federal Realty Investment Trust by 0.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,367 shares of the real estate investment trust’s stock worth $678,000 after acquiring an additional 18 shares in the last quarter. ING Groep NV increased its holdings in Federal Realty Investment Trust by 0.6% in the 2nd quarter. ING Groep NV now owns 3,699 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 22 shares in the last quarter. Kemper Corp Master Retirement Trust grew its holdings in Federal Realty Investment Trust by 1.4% during the 2nd quarter. Kemper Corp Master Retirement Trust now owns 1,750 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 25 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in Federal Realty Investment Trust by 0.3% during the 2nd quarter. State of Tennessee Treasury Department now owns 19,757 shares of the real estate investment trust’s stock valued at $2,497,000 after buying an additional 60 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its holdings in Federal Realty Investment Trust by 1.7% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 5,596 shares of the real estate investment trust’s stock valued at $707,000 after buying an additional 91 shares in the last quarter. 93.87% of the stock is owned by institutional investors.

In other news, insider Donald C. Wood sold 9,286 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Dawn M. Becker sold 21,814 shares of the 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 completion of the transaction, the executive vice president now owns 145,809 shares in the company, valued at approximately $19,087,856.19. The disclosure for this sale can be found here. Insiders have sold a total of 52,442 shares of company stock worth $6,866,065 in the last 90 days. Company insiders own 1.10% of the company’s stock.

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

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.

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

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