Federal Realty Investment Trust (NYSE:FRT) – Equities research analysts at Capital One Financial issued their FY2017 earnings per share (EPS) estimates for shares of Federal Realty Investment Trust in a report released on Monday. Capital One Financial analyst C. Lucas expects that the real estate investment trust will post earnings of $5.92 per share for the year. Capital One Financial also issued estimates for Federal Realty Investment Trust’s Q4 2017 earnings at $1.47 EPS, Q1 2018 earnings at $1.50 EPS, Q2 2018 earnings at $1.54 EPS, Q3 2018 earnings at $1.55 EPS, Q4 2018 earnings at $1.58 EPS and FY2018 earnings at $6.17 EPS.
Other research analysts have also issued reports about the company. Stifel Nicolaus decreased their target price on Federal Realty Investment Trust from $144.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday. BMO Capital Markets reiterated a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a report on Tuesday, January 9th. TheStreet downgraded Federal Realty Investment Trust from a “b-” rating to a “c+” rating in a report on Tuesday. Jefferies Group set a $133.00 price target on Federal Realty Investment Trust and gave the stock a “hold” rating in a report on Tuesday. Finally, Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $139.92.
Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ 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 12.87% and a net margin of 33.81%. During the same period last year, the business posted $0.80 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 14th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Tuesday, March 13th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 100.76%.
A number of hedge funds and other institutional investors have recently made changes to their positions in FRT. Advisor Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 27.4% in the 2nd quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 297 shares during the last quarter. Advisor Partners LLC purchased a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at about $203,000. Magnetar Financial LLC purchased a new stake in shares of Federal Realty Investment Trust in the 3rd quarter valued at about $207,000. Lourd Capital LLC purchased a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at about $211,000. Finally, American Assets Capital Advisers LLC purchased a new stake in shares of Federal Realty Investment Trust in the 4th quarter valued at about $212,000. 94.47% of the stock is owned by institutional investors.
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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.
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