Wall Street analysts expect that Federal Realty Investment Trust (NYSE:FRT) will announce $238.93 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Federal Realty Investment Trust’s earnings. The highest sales estimate is $243.44 million and the lowest is $233.46 million. Federal Realty Investment Trust reported sales of $235.38 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.5%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 12th.
On average, analysts expect that Federal Realty Investment Trust will report full-year sales of $934.93 million for the current fiscal year, with estimates ranging from $927.90 million to $941.51 million. For the next financial year, analysts forecast that the business will post sales of $975.54 million, with estimates ranging from $929.44 million to $1.02 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Federal Realty Investment Trust.
Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.84 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.75). The business had revenue of $233.90 million during the quarter, compared to analyst estimates of $231.88 million. Federal Realty Investment Trust had a return on equity of 11.09% and a net margin of 28.01%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 earnings per share.
Several analysts have recently commented on the company. Compass Point assumed coverage on Federal Realty Investment Trust in a report on Thursday, August 15th. They set a “buy” rating and a $142.00 target price on the stock. Zacks Investment Research cut Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 price target for the company. in a report on Tuesday, October 22nd. Sandler O’Neill downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $150.00 to $145.00 in a research report on Friday, November 1st. They noted that the move was a valuation call. ValuEngine raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Deutsche Bank raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $134.00 to $141.00 in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $143.50.
FRT traded up $0.60 during trading on Thursday, hitting $131.77. The company’s stock had a trading volume of 249,815 shares, compared to its average volume of 284,633. The firm’s 50 day moving average price is $133.90 and its two-hundred day moving average price is $132.59. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.42. Federal Realty Investment Trust has a 12 month low of $115.09 and a 12 month high of $141.35. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 4.28 and a beta of 0.41.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 3.19%. The ex-dividend date is Tuesday, December 31st. Federal Realty Investment Trust’s dividend payout ratio is 67.42%.
A number of institutional investors and hedge funds have recently made changes to their positions in FRT. Quest Capital Management Inc. ADV acquired a new position in shares of Federal Realty Investment Trust during the third quarter valued at $28,000. NumerixS Investment Technologies Inc acquired a new position in Federal Realty Investment Trust during the 2nd quarter valued at about $39,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Federal Realty Investment Trust by 200.0% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 300 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 200 shares during the last quarter. CSat Investment Advisory L.P. boosted its stake in shares of Federal Realty Investment Trust by 54.0% in the 2nd quarter. CSat Investment Advisory L.P. now owns 345 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 121 shares during the last quarter. Finally, Ossiam acquired a new stake in shares of Federal Realty Investment Trust during the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors own 86.56% of the company’s stock.
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, 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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