Federal Realty Investment Trust (NYSE:FRT) Expected to Announce Quarterly Sales of $251.69 Million

Wall Street analysts expect that Federal Realty Investment Trust (NYSE:FRT – Get Rating) will post sales of $251.69 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Federal Realty Investment Trust’s earnings, with the highest sales estimate coming in at $261.36 million and the lowest estimate coming in at $243.99 million. Federal Realty Investment Trust posted sales of $231.63 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The company is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Federal Realty Investment Trust will report full-year sales of $1.03 billion for the current fiscal year, with estimates ranging from $1.00 billion to $1.06 billion. For the next year, analysts anticipate that the business will post sales of $1.09 billion, with estimates ranging from $1.04 billion to $1.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.63 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.81). The business had revenue of $256.80 million during the quarter, compared to the consensus estimate of $249.13 million. Federal Realty Investment Trust had a return on equity of 10.76% and a net margin of 26.80%. Federal Realty Investment Trust’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS.

A number of brokerages recently issued reports on FRT. Capital One Financial upgraded Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $130.00 to $145.00 in a research report on Wednesday, February 9th. Deutsche Bank Aktiengesellschaft lowered 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. Raymond James upgraded Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 target price for the company in a research report on Thursday, May 12th. Wells Fargo & Company decreased their price objective on Federal Realty Investment Trust from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Thursday, April 7th. Finally, StockNews.com assumed coverage on Federal Realty Investment Trust in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $134.42.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC lifted its holdings in Federal Realty Investment Trust by 4.3% during the 1st quarter. FMR LLC now owns 86,993 shares of the real estate investment trust’s stock worth $11,992,000 after buying an additional 3,557 shares during the last quarter. OLD Mission Capital LLC bought a new position in Federal Realty Investment Trust during the 3rd quarter worth approximately $1,527,000. Morgan Stanley lifted its holdings in Federal Realty Investment Trust by 14.5% during the 2nd quarter. Morgan Stanley now owns 326,038 shares of the real estate investment trust’s stock worth $38,203,000 after buying an additional 41,347 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Federal Realty Investment Trust by 1.0% during the 3rd quarter. California Public Employees Retirement System now owns 176,444 shares of the real estate investment trust’s stock worth $20,819,000 after buying an additional 1,678 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Federal Realty Investment Trust by 3.6% during the 3rd quarter. US Bancorp DE now owns 3,883 shares of the real estate investment trust’s stock worth $458,000 after buying an additional 134 shares during the last quarter. 86.07% of the stock is owned by hedge funds and other institutional investors.

FRT stock opened at $109.40 on Monday. The firm has a fifty day moving average price of $118.82 and a 200 day moving average price of $123.97. Federal Realty Investment Trust has a fifty-two week low of $107.54 and a fifty-two week high of $140.51. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market cap of $8.69 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 3.62 and a beta of 1.09.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 22nd will be paid a $1.07 dividend. The ex-dividend date of this dividend is Tuesday, June 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.91%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 130.49%.

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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