$218.68 Million in Sales Expected for Federal Realty Investment Trust (FRT) This Quarter

Wall Street analysts expect Federal Realty Investment Trust (NYSE:FRT) to post sales of $218.68 million for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Federal Realty Investment Trust’s earnings. The highest sales estimate is $223.37 million and the lowest is $212.75 million. Federal Realty Investment Trust posted sales of $204.11 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The firm is expected to announce 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 sales of $218.68 million for the current fiscal year, with estimates ranging from $843.92 million to $856.76 million. For the next financial year, analysts expect that the company will post sales of $906.71 million per share, with estimates ranging from $868.78 million to $938.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results 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. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. The company had revenue of $217.95 million during the quarter, compared to analyst estimates of $213.63 million. During the same period last year, the company posted $1.41 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year.

A number of brokerages have recently weighed in on FRT. BMO Capital Markets restated a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a research note on Tuesday, January 9th. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, December 8th. Stifel Nicolaus began coverage on Federal Realty Investment Trust in a research note on Thursday, November 30th. They issued a “buy” rating and a $144.00 target price for the company. Mizuho restated a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Finally, UBS Group upgraded 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 research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $140.55.

Shares of Federal Realty Investment Trust (FRT) opened at $117.75 on Friday. Federal Realty Investment Trust has a 12 month low of $117.68 and a 12 month high of $143.79. The firm has a market capitalization of $8,763.66 and a price-to-earnings ratio of 28.72. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27.

In related news, CEO Donald C. Wood sold 9,900 shares of Federal Realty Investment Trust stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $132.44, for a total value of $1,311,156.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. increased 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 purchasing an additional 297 shares during the period. Lourd Capital LLC acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth about $211,000. American Assets Capital Advisers LLC acquired a new position in shares of Federal Realty Investment Trust during the 4th quarter worth about $212,000. Advisor Partners LLC acquired a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth about $203,000. Finally, Magnetar Financial LLC acquired a new position in shares of Federal Realty Investment Trust during the 3rd quarter worth about $207,000. Hedge funds and other institutional investors own 94.90% of the company’s stock.

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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.

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

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