$1.44 EPS Expected for Federal Realty Investment Trust (NYSE:FRT) This Quarter

Wall Street brokerages forecast that Federal Realty Investment Trust (NYSE:FRT – Get Rating) will announce $1.44 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Federal Realty Investment Trust’s earnings. The highest EPS estimate is $1.48 and the lowest is $1.39. Federal Realty Investment Trust posted earnings per share of $1.17 during the same quarter last year, which suggests a positive year over year growth rate of 23.1%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Federal Realty Investment Trust will report full-year earnings of $5.92 per share for the current financial year, with EPS estimates ranging from $5.85 to $5.99. For the next year, analysts anticipate that the business will post earnings of $6.35 per share, with EPS estimates ranging from $6.21 to $6.53. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last issued its quarterly earnings data on Thursday, February 10th. The real estate investment trust reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.06. The firm had revenue of $254.15 million during the quarter, compared to the consensus estimate of $248.13 million. Federal Realty Investment Trust had a return on equity of 10.73% and a net margin of 27.49%. The firm’s revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 EPS.

Several research analysts have commented on FRT shares. Capital One Financial upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $130.00 to $145.00 in a research report on Wednesday, February 9th. Mizuho decreased their price objective on Federal Realty Investment Trust from $142.00 to $129.00 and set a “buy” rating for the company in a report on Tuesday, February 15th. StockNews.com started coverage on Federal Realty Investment Trust in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on Federal Realty Investment Trust from $150.00 to $143.00 and set a “buy” rating for the company in a research report on Thursday, March 31st. Finally, Wells Fargo & Company lowered their price target on Federal Realty Investment Trust from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, April 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Federal Realty Investment Trust has an average rating of “Buy” and an average target price of $133.17.

FRT stock opened at $121.56 on Friday. The stock has a market cap of $9.56 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14. The firm’s 50-day simple moving average is $119.76 and its 200 day simple moving average is $124.73. Federal Realty Investment Trust has a fifty-two week low of $104.11 and a fifty-two week high of $140.51. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.65.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Wednesday, March 16th will be issued a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, March 15th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.52%. Federal Realty Investment Trust’s payout ratio is currently 131.69%.

A number of large investors have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. grew its position in Federal Realty Investment Trust by 450.0% in the third quarter. Farmers & Merchants Investments Inc. now owns 220 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 180 shares during the last quarter. M&R Capital Management Inc. acquired a new position in shares of Federal Realty Investment Trust in the 1st quarter worth $32,000. National Bank of Canada FI acquired a new position in shares of Federal Realty Investment Trust in the 4th quarter worth $33,000. CWM LLC acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter worth $50,000. Finally, Capital Analysts LLC purchased a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 94.82% of the company’s stock.

Federal Realty Investment Trust Company Profile (Get Rating)

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 communities where retail demand exceeds supply.

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