Federal Realty Investment Trust (NYSE:FRT) – SunTrust Banks issued their Q1 2018 earnings estimates for shares of Federal Realty Investment Trust in a research note issued on Tuesday, April 3rd. SunTrust Banks analyst K. Kim anticipates that the real estate investment trust will post earnings of $1.50 per share for the quarter. SunTrust Banks currently has a “Hold” rating and a $123.00 target price on the stock. SunTrust Banks also issued estimates for Federal Realty Investment Trust’s Q2 2018 earnings at $1.52 EPS, Q3 2018 earnings at $1.54 EPS, Q4 2018 earnings at $1.61 EPS, FY2020 earnings at $6.95 EPS and FY2021 earnings at $7.30 EPS.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.57. The business had revenue of $223.96 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business posted $0.80 earnings per share.
A number of other brokerages also recently weighed in on FRT. Sandler O’Neill set a $130.00 target price on Federal Realty Investment Trust and gave the company a “buy” rating in a report on Saturday, February 17th. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, December 8th. Deutsche Bank reduced their target price on Federal Realty Investment Trust from $146.00 to $135.00 and set a “hold” rating on the stock in a report on Monday, March 19th. Mizuho reaffirmed a “buy” rating and issued a $124.00 target price on shares of Federal Realty Investment Trust in a report on Friday, February 23rd. Finally, Wells Fargo reduced their target price on Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating on the stock in a report on Tuesday, February 6th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $135.00.
Shares of NYSE:FRT opened at $115.78 on Friday. The company has a market cap of $8,679.19, a P/E ratio of 19.59, a P/E/G ratio of 3.20 and a beta of 0.25. Federal Realty Investment Trust has a 1 year low of $106.41 and a 1 year high of $138.12. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.30 and a current ratio of 1.30.
Institutional investors and hedge funds have recently made changes to their positions in the company. Lourd Capital LLC bought a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $211,000. American Assets Capital Advisers LLC bought a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $212,000. Keel Point LLC bought a new position in shares of Federal Realty Investment Trust in the 4th quarter valued at $217,000. Magnetar Financial LLC bought a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at $207,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Federal Realty Investment Trust in the 3rd quarter valued at $237,000. Institutional investors own 97.76% of the company’s stock.
In other news, insider Donald C. Wood sold 30,000 shares of the stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $117.76, for a total value of $3,532,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 14th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Tuesday, March 13th. Federal Realty Investment Trust’s payout ratio is 67.68%.
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Federal Realty Investment Trust Company Profile
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.
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