Analysts Anticipate Federal Realty Investment Trust (FRT) Will Post Earnings of $1.55 Per Share

Equities analysts expect Federal Realty Investment Trust (NYSE:FRT) to announce earnings of $1.55 per share for the current quarter, according to Zacks. Seven analysts have made estimates for Federal Realty Investment Trust’s earnings, with the highest EPS estimate coming in at $1.56 and the lowest estimate coming in at $1.53. Federal Realty Investment Trust posted earnings of $1.50 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 3.3%. The business is scheduled to report its next quarterly earnings report after the market closes on Wednesday, October 31st.

On average, analysts expect that Federal Realty Investment Trust will report full year earnings of $6.19 per share for the current financial year, with EPS estimates ranging from $6.17 to $6.21. For the next fiscal year, analysts expect that the firm will post earnings of $6.46 per share, with EPS estimates ranging from $6.42 to $6.55. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. The firm had revenue of $224.90 million for the quarter, compared to the consensus estimate of $223.56 million. Federal Realty Investment Trust had a return on equity of 12.76% and a net margin of 31.64%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 EPS.

Several analysts have weighed in on FRT shares. ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. TheStreet raised Federal Realty Investment Trust from a “c+” rating to a “b-” rating in a research note on Thursday, June 21st. DA Davidson raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating in a research note on Monday, June 25th. They noted that the move was a valuation call. SunTrust Banks raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Monday, June 25th. Finally, Stifel Nicolaus lifted their target price on Federal Realty Investment Trust from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 2nd. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Federal Realty Investment Trust has an average rating of “Buy” and a consensus target price of $137.54.

Shares of Federal Realty Investment Trust stock opened at $131.42 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 3.52 and a beta of 0.18. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $134.52.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 21st will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, September 20th. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s payout ratio is currently 67.68%.

Several institutional investors and hedge funds have recently bought and sold shares of FRT. Wells Fargo & Company MN grew its holdings in shares of Federal Realty Investment Trust by 8.7% in the 1st quarter. Wells Fargo & Company MN now owns 410,596 shares of the real estate investment trust’s stock worth $47,675,000 after acquiring an additional 32,980 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Federal Realty Investment Trust by 53.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 2,531 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 877 shares during the last quarter. Comerica Bank grew its holdings in shares of Federal Realty Investment Trust by 3.7% in the 1st quarter. Comerica Bank now owns 27,183 shares of the real estate investment trust’s stock worth $3,089,000 after acquiring an additional 959 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Federal Realty Investment Trust by 24.4% in the 1st quarter. SG Americas Securities LLC now owns 11,288 shares of the real estate investment trust’s stock worth $1,311,000 after acquiring an additional 2,213 shares during the last quarter. Finally, Mackay Shields LLC acquired a new position in shares of Federal Realty Investment Trust in the 1st quarter worth $1,418,000. 92.11% of the stock is currently owned by institutional investors.

About Federal Realty Investment Trust

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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