Boenning Scattergood Weighs in on Federal Realty Investment Trust’s Q1 2018 Earnings (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Equities research analysts at Boenning Scattergood lowered their Q1 2018 earnings estimates for shares of Federal Realty Investment Trust in a report released on Friday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings of $1.50 per share for the quarter, down from their prior estimate of $1.52. Boenning Scattergood currently has a “Buy” rating and a $140.00 target price on the stock. Boenning Scattergood also issued estimates for Federal Realty Investment Trust’s Q2 2018 earnings at $1.51 EPS, Q4 2018 earnings at $1.60 EPS and FY2018 earnings at $6.18 EPS.

FRT has been the subject of several other reports. 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 for the company. UBS upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $141.00 in a research report on Thursday, November 9th. Stifel Nicolaus started coverage on shares of Federal Realty Investment Trust in a research report on Thursday, November 30th. They set a “buy” rating and a $144.00 price objective for the company. Mizuho reiterated a “buy” rating and set a $142.00 price objective on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. Finally, Jefferies Group decreased their price objective on shares of Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $140.82.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at $130.29 on Monday. Federal Realty Investment Trust has a 12-month low of $119.37 and a 12-month high of $145.80. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $9,450.00, a price-to-earnings ratio of 22.12, a PEG ratio of 3.67 and a beta of 0.34.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $217.95 million during the quarter, compared to analysts’ expectations of $213.63 million. During the same period in the prior year, the company posted $1.41 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 8.3% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors 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 3.07%. The ex-dividend date is Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio is presently 127.39%.

In related news, insider Donald C. Wood sold 40,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $131.88, for a total transaction of $5,275,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in Federal Realty Investment Trust by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 113,836 shares of the real estate investment trust’s stock worth $14,140,000 after acquiring an additional 696 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Federal Realty Investment Trust in the third quarter valued at $304,000. Sterling Capital Management LLC lifted its stake in shares of Federal Realty Investment Trust by 3.8% in the third quarter. Sterling Capital Management LLC now owns 53,946 shares of the real estate investment trust’s stock valued at $6,701,000 after buying an additional 1,950 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Federal Realty Investment Trust by 6.1% in the third quarter. Neuberger Berman Group LLC now owns 72,030 shares of the real estate investment trust’s stock valued at $8,947,000 after buying an additional 4,111 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Federal Realty Investment Trust by 3.4% in the third quarter. California Public Employees Retirement System now owns 167,437 shares of the real estate investment trust’s stock valued at $20,797,000 after buying an additional 5,519 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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About Federal Realty Investment Trust

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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