$1.50 Earnings Per Share Expected for Federal Realty Investment Trust (FRT) This Quarter

Brokerages expect that Federal Realty Investment Trust (NYSE:FRT) will post $1.50 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Federal Realty Investment Trust’s earnings, with the lowest EPS estimate coming in at $1.48 and the highest estimate coming in at $1.52. Federal Realty Investment Trust reported earnings of $1.45 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 3.4%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Federal Realty Investment Trust will report full year earnings of $6.17 per share for the current fiscal year, with EPS estimates ranging from $6.13 to $6.20. For the next fiscal year, analysts forecast that the business will post earnings of $6.52 per share, with EPS estimates ranging from $6.45 to $6.61. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Federal Realty Investment Trust.

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Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.57. The firm had revenue of $223.96 million during the quarter, compared to analysts’ expectations 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 firm posted $0.80 earnings per share.

A number of equities analysts have recently weighed in on FRT shares. Deutsche Bank cut their price target on Federal Realty Investment Trust from $146.00 to $135.00 and set a “hold” rating for the company in a report on Monday, March 19th. Sandler O’Neill set a $130.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Saturday, February 17th. Mizuho reissued a “buy” rating and issued a $124.00 price target on shares of Federal Realty Investment Trust in a report on Friday, February 23rd. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Wells Fargo cut their price target on Federal Realty Investment Trust from $151.00 to $144.00 and set an “outperform” rating for the company in a report on Tuesday, February 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $135.00.

FRT stock traded up $0.52 during midday trading on Monday, hitting $115.72. 272,386 shares of the stock were exchanged, compared to its average volume of 520,809. Federal Realty Investment Trust has a fifty-two week low of $106.41 and a fifty-two week high of $138.12. The stock has a market cap of $8,431.80, a PE ratio of 19.49, a P/E/G ratio of 3.11 and a beta of 0.25. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.30 and a current ratio of 1.30.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 14th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $4.00 annualized dividend and a yield of 3.46%. Federal Realty Investment Trust’s payout ratio is currently 67.68%.

In related news, insider Donald C. Wood sold 30,000 shares of the company’s stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $117.76, for a total value of $3,532,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.95% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FRT. Magnetar Financial LLC acquired a new position in Federal Realty Investment Trust in the third quarter valued at $207,000. Lourd Capital LLC acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at $211,000. American Assets Capital Advisers LLC acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at $212,000. Keel Point LLC acquired a new position in Federal Realty Investment Trust in the fourth quarter valued at $217,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Federal Realty Investment Trust in the third quarter valued at $237,000. Hedge funds and other institutional investors own 97.75% of the company’s stock.

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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, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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Earnings History and Estimates for Federal Realty Investment Trust (NYSE:FRT)

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