Wall Street brokerages expect that Federal Realty Investment Trust (NYSE:FRT) will post $218.68 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided 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 issue its next earnings results on Monday, February 12th.
According to Zacks, analysts expect that Federal Realty Investment Trust will report full year sales of $218.68 million for the current year, with estimates ranging from $843.92 million to $856.76 million. For the next fiscal year, analysts forecast that the business 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 sell-side research analysts that follow Federal Realty Investment Trust.
Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $1.50 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $217.95 million during the quarter, compared to analysts’ expectations of $213.63 million. During the same period in the previous year, the business earned $1.41 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis.
A number of research analysts recently issued reports on FRT shares. BMO Capital Markets started coverage on Federal Realty Investment Trust in a report on Monday, September 11th. They set an “outperform” rating and a $145.00 price target on the stock. Jefferies Group reduced their target price on Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, September 15th. Boenning Scattergood restated a “buy” rating and issued a $140.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Mizuho reaffirmed a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a research report on Friday, November 3rd. Finally, UBS Group raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $131.00 to $141.00 in a research report on Thursday, November 9th. One equities research 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’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $140.82.
In related news, CEO Donald C. Wood sold 9,900 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $132.44, for a total transaction of $1,311,156.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of FRT. Toronto Dominion Bank raised its holdings in shares of Federal Realty Investment Trust by 25.8% in the 2nd quarter. Toronto Dominion Bank now owns 24,471 shares of the real estate investment trust’s stock valued at $3,092,000 after purchasing an additional 5,013 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Federal Realty Investment Trust by 173.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock valued at $296,548,000 after buying an additional 1,489,133 shares during the last quarter. Delta Lloyd Asset Management N.V. purchased a new position in shares of Federal Realty Investment Trust in the 2nd quarter valued at $12,495,000. Wells Fargo & Company MN grew its position in Federal Realty Investment Trust by 10.6% during the 3rd quarter. Wells Fargo & Company MN now owns 375,930 shares of the real estate investment trust’s stock worth $46,693,000 after purchasing an additional 35,932 shares during the last quarter. Finally, PGGM Investments grew its position in Federal Realty Investment Trust by 4.8% during the 3rd quarter. PGGM Investments now owns 1,299,000 shares of the real estate investment trust’s stock worth $161,349,000 after purchasing an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 94.42% of the company’s stock.
Shares of Federal Realty Investment Trust (FRT) opened at $132.81 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.23. Federal Realty Investment Trust has a 52 week low of $119.37 and a 52 week high of $145.80. The stock has a market capitalization of $9,692.99, a PE ratio of 22.68, a price-to-earnings-growth ratio of 3.77 and a beta of 0.34.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.01%. Federal Realty Investment Trust’s dividend payout ratio is currently 97.56%.
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Federal Realty Investment Trust Company Profile
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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