Federal Realty Investment Trust Forecasted to Post Q4 2018 Earnings of $1.58 Per Share (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Equities researchers at SunTrust Banks decreased their Q4 2018 EPS estimates for Federal Realty Investment Trust in a report released on Monday, May 14th. SunTrust Banks analyst K. Kim now anticipates that the real estate investment trust will post earnings of $1.58 per share for the quarter, down from their prior estimate of $1.61. 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 FY2022 earnings at $7.71 EPS.

Several other brokerages have also commented on FRT. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Thursday, May 10th. JPMorgan Chase dropped their price target on Federal Realty Investment Trust from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Monday, March 19th. Deutsche Bank dropped their price target on Federal Realty Investment Trust from $146.00 to $135.00 and set a “hold” rating for the company in a research note on Monday, March 19th. Mizuho restated a “buy” rating and set a $124.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, February 23rd. Finally, ValuEngine lowered Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $135.00.

Shares of NYSE:FRT opened at $114.21 on Wednesday. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 3.11 and a beta of 0.24. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.51. Federal Realty Investment Trust has a 12 month low of $114.01 and a 12 month high of $116.26.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.50 by $0.02. The company had revenue of $225.40 million during the quarter, compared to analyst estimates of $222.80 million. Federal Realty Investment Trust had a return on equity of 12.70% and a net margin of 33.70%. The firm’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.45 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 22nd will be paid a $1.00 dividend. The ex-dividend date of this dividend is Thursday, June 21st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.50%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 67.68%.

In other news, insider Donald C. Wood sold 30,000 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $117.76, for a total value of $3,532,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Lourd Capital LLC acquired a new stake in Federal Realty Investment Trust during the 4th quarter valued at approximately $211,000. American Assets Capital Advisers LLC acquired a new stake in Federal Realty Investment Trust during the 4th quarter valued at approximately $212,000. Keel Point LLC acquired a new stake in Federal Realty Investment Trust during the 4th quarter valued at approximately $217,000. Signition LP acquired a new stake in Federal Realty Investment Trust during the 1st quarter valued at approximately $207,000. Finally, Great Lakes Advisors LLC acquired a new stake in Federal Realty Investment Trust during the 1st quarter valued at approximately $234,000. Institutional investors and hedge funds own 98.09% of the company’s stock.

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.

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

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