Tag Archives: FRT

Q3 2018 EPS Estimates for Federal Realty Investment Trust Increased by Analyst (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Research analysts at Boenning Scattergood lifted their Q3 2018 EPS estimates for shares of Federal Realty Investment Trust in a report released on Wednesday, May 9th. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will post earnings of $1.57 per share for the quarter, up from their prior forecast of $1.56. Boenning Scattergood has a “Buy” rating and a $140.00 price objective on the stock. Boenning Scattergood also issued estimates for Federal Realty Investment Trust’s Q4 2018 earnings at $1.56 EPS, Q2 2019 earnings at $1.61 EPS and FY2019 earnings at $6.50 EPS.

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

FRT has been the subject of a number of other reports. Wells Fargo dropped their price target on shares of Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating for the company in a research note on Tuesday, February 6th. They noted that the move was a valuation call. ValuEngine downgraded shares of Federal Realty Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, April 7th. JPMorgan Chase decreased their price objective on shares of Federal Realty Investment Trust from $142.00 to $136.00 and set an “overweight” rating for the company in a report on Monday, March 19th. Jefferies Group set a $123.00 price objective on shares of Federal Realty Investment Trust and gave the company a “hold” rating in a report on Tuesday, February 27th. Finally, Sandler O’Neill set a $130.00 price objective on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a report on Saturday, February 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. Federal Realty Investment Trust currently has an average rating of “Buy” and a consensus target price of $135.00.

FRT opened at $117.41 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.51. The company has a market cap of $8.68 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 3.20 and a beta of 0.24. Federal Realty Investment Trust has a fifty-two week low of $116.64 and a fifty-two week high of $118.72.

Institutional investors have recently added to or reduced their stakes in the company. Lourd Capital LLC acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $211,000. American Assets Capital Advisers LLC acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $212,000. Keel Point LLC acquired a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at approximately $217,000. Signition LP acquired a new position in shares of Federal Realty Investment Trust in the first quarter valued at approximately $207,000. Finally, Great Lakes Advisors LLC acquired a new position in shares of Federal Realty Investment Trust in the first quarter valued at approximately $234,000. Institutional investors own 98.09% of the company’s stock.

In related news, insider Donald C. Wood sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $117.76, for a total transaction of $3,532,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.95% of the stock is currently owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 22nd will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, June 21st. Federal Realty Investment Trust’s dividend payout ratio is currently 67.68%.

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)