Q1 2018 EPS Estimates for Federal Realty Investment Trust Increased by Analyst (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Analysts at DA Davidson upped their Q1 2018 EPS estimates for Federal Realty Investment Trust in a research note issued on Thursday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will post earnings per share of $1.52 for the quarter, up from their prior forecast of $1.50. DA Davidson also issued estimates for Federal Realty Investment Trust’s Q4 2018 earnings at $1.52 EPS, FY2018 earnings at $6.17 EPS and FY2019 earnings at $6.45 EPS.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 EPS for the quarter, topping the consensus estimate of $0.73 by $0.57. The firm had revenue of $223.96 million for the quarter, compared to analyst estimates of $218.68 million. Federal Realty Investment Trust had a return on equity of 12.68% and a net margin of 33.81%. During the same period last year, the company earned $0.80 earnings per share.

FRT has been the topic of several other reports. UBS Group raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $131.00 to $141.00 in a report on Thursday, November 9th. Boenning Scattergood reiterated a “buy” rating and set a $140.00 price target on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. Stifel Nicolaus assumed coverage on Federal Realty Investment Trust in a research report on Thursday, November 30th. They set a “buy” rating and a $144.00 price target on the stock. Mizuho reiterated a “buy” rating and set a $142.00 price target on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. Finally, Wells Fargo & Co lowered their price target on Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $138.67.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at $114.45 on Monday. The company has a market capitalization of $8,376.91, a PE ratio of 28.83, a P/E/G ratio of 3.09 and a beta of 0.23. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $143.79. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.25.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 14th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $4.00 dividend on an annualized basis and a yield of 3.49%. Federal Realty Investment Trust’s dividend payout ratio is currently 100.76%.

A number of hedge funds have recently modified their holdings of the business. Advisor Partners LLC purchased a new position in shares of Federal Realty Investment Trust in the third quarter valued at approximately $203,000. Magnetar Financial LLC purchased a new position in shares of Federal Realty Investment Trust in the third quarter valued at approximately $207,000. Lourd Capital LLC purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $211,000. American Assets Capital Advisers LLC purchased a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $212,000. Finally, Timber Hill LLC purchased a new position in shares of Federal Realty Investment Trust in the third quarter valued at approximately $215,000. Institutional investors own 92.74% 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.

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

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