DA Davidson Brokers Boost Earnings Estimates for Federal Realty Investment Trust (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Equities research analysts at DA Davidson raised their Q1 2018 earnings estimates for shares of Federal Realty Investment Trust in a report issued on Thursday. DA Davidson analyst J. Lykins now expects that the real estate investment trust will post earnings per share of $1.52 for the quarter, up from their prior estimate 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 released its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.57. The firm had revenue of $223.96 million during 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 in the previous year, the company posted $0.80 EPS.

Other research analysts also recently issued reports about the company. BMO Capital Markets restated a “buy” rating and set a $142.00 target price on shares of Federal Realty Investment Trust in a research note on Tuesday, January 9th. Stifel Nicolaus restated a “buy” rating and set a $130.00 target price (down from $144.00) on shares of Federal Realty Investment Trust in a research note on Wednesday, February 14th. Sandler O’Neill set a $130.00 target price on Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Saturday. Boenning Scattergood set a $140.00 target price on Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, TheStreet downgraded Federal Realty Investment Trust from a “b-” rating to a “c+” rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $138.67.

Federal Realty Investment Trust (NYSE:FRT) opened at $114.45 on Monday. Federal Realty Investment Trust has a one year low of $106.41 and a one year high of $143.79. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.23 and a current ratio of 1.30. The firm has a market capitalization of $8,376.94, a price-to-earnings ratio of 28.83, a P/E/G ratio of 3.09 and a beta of 0.23.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Federal Realty Investment Trust by 1.6% during the 4th quarter. BlackRock Inc. now owns 7,899,850 shares of the real estate investment trust’s stock valued at $1,049,178,000 after purchasing an additional 126,701 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Federal Realty Investment Trust by 43.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,376,898 shares of the real estate investment trust’s stock valued at $420,257,000 after purchasing an additional 1,030,604 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Federal Realty Investment Trust by 57.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,150,079 shares of the real estate investment trust’s stock valued at $142,851,000 after purchasing an additional 417,339 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Federal Realty Investment Trust by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,034,293 shares of the real estate investment trust’s stock valued at $128,470,000 after purchasing an additional 17,948 shares during the last quarter. Finally, APG Asset Management US Inc. grew its stake in Federal Realty Investment Trust by 16.1% during the 4th quarter. APG Asset Management US Inc. now owns 963,500 shares of the real estate investment trust’s stock valued at $127,962,000 after purchasing an additional 133,947 shares during the last quarter. Institutional investors and hedge funds own 94.47% of the company’s stock.

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

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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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