$1.47 EPS Expected for Federal Realty Investment Trust (FRT) This Quarter

Brokerages expect Federal Realty Investment Trust (NYSE:FRT) to post earnings per share of $1.47 for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Federal Realty Investment Trust’s earnings. The highest EPS estimate is $1.48 and the lowest is $1.46. Federal Realty Investment Trust posted earnings per share of $1.45 during the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The company is scheduled to report its next earnings report after the market closes on Tuesday, February 13th.

On average, analysts expect that Federal Realty Investment Trust will report full-year earnings of $5.91 per share for the current financial year, with EPS estimates ranging from $5.90 to $5.92. For the next fiscal year, analysts anticipate that the business will report earnings of $6.18 per share, with EPS estimates ranging from $6.10 to $6.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. The company had revenue of $217.95 million for the quarter, compared to the consensus estimate of $213.63 million. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.41 earnings per share.

A number of research analysts recently weighed in on FRT shares. BMO Capital Markets restated a “buy” rating and set a $142.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday, January 9th. Boenning Scattergood set a $140.00 price objective on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Friday, December 8th. 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 on the stock. UBS Group upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $131.00 to $141.00 in a research report on Thursday, November 9th. Finally, Mizuho restated 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Federal Realty Investment Trust currently has a consensus rating of “Buy” and a consensus price target of $140.55.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 40,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $131.88, for a total value of $5,275,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. raised its position in Federal Realty Investment Trust by 27.4% in the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $173,000 after acquiring an additional 297 shares during the period. Advisor Partners LLC bought a new position in Federal Realty Investment Trust in the third quarter worth approximately $203,000. Magnetar Financial LLC bought a new position in Federal Realty Investment Trust in the third quarter worth approximately $207,000. Timber Hill LLC bought a new position in Federal Realty Investment Trust in the third quarter worth approximately $215,000. Finally, Pacer Advisors Inc. raised its position in Federal Realty Investment Trust by 9.1% in the second quarter. Pacer Advisors Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 94.51% of the company’s stock.

Shares of Federal Realty Investment Trust (NYSE FRT) traded up $0.75 during trading on Friday, reaching $122.80. 496,948 shares of the company were exchanged, compared to its average volume of 401,764. The company has a market capitalization of $8,910.00, a P/E ratio of 39.11, a price-to-earnings-growth ratio of 3.31 and a beta of 0.34. Federal Realty Investment Trust has a 12 month low of $119.37 and a 12 month high of $143.79. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were given a $1.00 dividend. The ex-dividend date was Friday, December 29th. This represents a $4.00 annualized dividend and a yield of 3.26%. Federal Realty Investment Trust’s payout ratio is presently 127.39%.

ILLEGAL ACTIVITY NOTICE: “$1.47 EPS Expected for Federal Realty Investment Trust (FRT) This Quarter” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/17/1-47-eps-expected-for-federal-realty-investment-trust-frt-this-quarter.html.

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.

Get a free copy of the Zacks research report on Federal Realty Investment Trust (FRT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply