SunTrust Banks Comments on Federal Realty Investment Trust’s FY2021 Earnings (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Equities research analysts at SunTrust Banks upped their FY2021 earnings per share estimates for Federal Realty Investment Trust in a report released on Monday, December 3rd. SunTrust Banks analyst K. Kim now expects that the real estate investment trust will post earnings of $7.31 per share for the year, up from their prior estimate of $7.26.

A number of other brokerages have also commented on FRT. Zacks Investment Research lowered Federal Realty Investment Trust from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. BMO Capital Markets set a $135.00 target price on Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Wednesday, October 31st. Citigroup set a $146.00 target price on Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Tuesday, November 20th. Bank of America upped their price objective on Federal Realty Investment Trust from $141.00 to $144.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Finally, ValuEngine upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Federal Realty Investment Trust has a consensus rating of “Buy” and an average target price of $137.38.

Shares of NYSE FRT opened at $134.02 on Thursday. The company has a market capitalization of $9.70 billion, a P/E ratio of 22.68, a PEG ratio of 3.63 and a beta of 0.20. Federal Realty Investment Trust has a 52 week low of $106.41 and a 52 week high of $135.68. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.21 and a current ratio of 1.21.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($0.73). The firm had revenue of $229.75 million during the quarter, compared to analysts’ expectations of $228.71 million. Federal Realty Investment Trust had a net margin of 26.33% and a return on equity of 10.65%. Federal Realty Investment Trust’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS.

A number of institutional investors have recently added to or reduced their stakes in FRT. IFP Advisors Inc lifted its position in shares of Federal Realty Investment Trust by 181.3% during the 3rd quarter. IFP Advisors Inc now owns 889 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 573 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at approximately $128,000. First Hawaiian Bank purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at approximately $139,000. Adviser Investments LLC purchased a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at approximately $152,000. Finally, JNBA Financial Advisors purchased a new position in shares of Federal Realty Investment Trust during the 3rd quarter valued at approximately $176,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 12,210 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $132.43, for a total value of $1,616,970.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.04%. The ex-dividend date is Monday, December 31st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s dividend payout ratio is currently 69.04%.

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, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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