Brokerages Anticipate Federal Realty Investment Trust (FRT) Will Post Quarterly Sales of $234.78 Million

Equities research analysts predict that Federal Realty Investment Trust (NYSE:FRT) will post $234.78 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Federal Realty Investment Trust’s earnings, with estimates ranging from $229.50 million to $239.48 million. Federal Realty Investment Trust posted sales of $224.90 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.4%. The business is expected to issue its next earnings results on Wednesday, August 7th.

According to Zacks, analysts expect that Federal Realty Investment Trust will report full-year sales of $948.31 million for the current financial year, with estimates ranging from $936.00 million to $965.00 million. For the next fiscal year, analysts expect that the business will post sales of $998.16 million, with estimates ranging from $966.82 million to $1.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.01. Federal Realty Investment Trust had a net margin of 26.11% and a return on equity of 10.53%. The firm had revenue of $232.23 million during the quarter, compared to the consensus estimate of $235.09 million. During the same period in the previous year, the firm earned $1.52 earnings per share. Federal Realty Investment Trust’s revenue was up 3.0% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Deutsche Bank boosted their target price on shares of Federal Realty Investment Trust from $133.00 to $134.00 and gave the company a “hold” rating in a report on Wednesday. Citigroup boosted their target price on shares of Federal Realty Investment Trust from $146.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, February 25th. Mizuho downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Thursday, March 7th. Finally, BMO Capital Markets restated a “buy” rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a report on Thursday, February 14th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Federal Realty Investment Trust presently has a consensus rating of “Buy” and an average target price of $139.70.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $530,291,000. JPMorgan Chase & Co. lifted its position in shares of Federal Realty Investment Trust by 18.1% during the third quarter. JPMorgan Chase & Co. now owns 5,151,220 shares of the real estate investment trust’s stock worth $651,475,000 after purchasing an additional 787,694 shares in the last quarter. Metropolitan Life Insurance Co NY lifted its position in shares of Federal Realty Investment Trust by 2,165.5% during the first quarter. Metropolitan Life Insurance Co NY now owns 329,113 shares of the real estate investment trust’s stock worth $1,560,000 after purchasing an additional 314,586 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Federal Realty Investment Trust during the fourth quarter worth $22,407,000. Finally, BlackRock Inc. lifted its position in shares of Federal Realty Investment Trust by 2.1% during the fourth quarter. BlackRock Inc. now owns 8,090,383 shares of the real estate investment trust’s stock worth $954,987,000 after purchasing an additional 162,586 shares in the last quarter. Institutional investors own 94.55% of the company’s stock.

Federal Realty Investment Trust stock traded down $0.31 during trading on Tuesday, reaching $130.17. The company had a trading volume of 15,887 shares, compared to its average volume of 430,884. Federal Realty Investment Trust has a 12-month low of $113.25 and a 12-month high of $139.29. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 4.16 and a beta of 0.49. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.35 and a current ratio of 1.35.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $4.08 annualized dividend and a yield of 3.13%. Federal Realty Investment Trust’s dividend payout ratio is currently 65.49%.

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, Federal Realty's 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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