Wall Street brokerages expect Federal Realty Investment Trust (NYSE:FRT) to announce sales of $233.78 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Federal Realty Investment Trust’s earnings, with the highest sales estimate coming in at $239.48 million and the lowest estimate coming in at $229.50 million. Federal Realty Investment Trust reported sales of $224.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The firm is expected to report its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Federal Realty Investment Trust will report full-year sales of $943.78 million for the current fiscal year, with estimates ranging from $934.14 million to $954.92 million. For the next fiscal year, analysts forecast that the firm will report sales of $994.28 million, with estimates ranging from $966.82 million to $1.03 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 Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.01. Federal Realty Investment Trust had a return on equity of 10.53% and a net margin of 26.11%. The firm had revenue of $232.23 million during the quarter, compared to analyst estimates of $235.09 million. During the same period last year, the firm posted $1.52 EPS. The business’s revenue was up 3.0% compared to the same quarter last year.
Several equities research analysts have recently issued reports on FRT shares. BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 target price on shares of Federal Realty Investment Trust in a research report on Thursday, February 14th. Citigroup raised their target price on Federal Realty Investment Trust from $146.00 to $148.00 and gave the company a “neutral” rating in a research report on Monday, February 25th. Mizuho lowered Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price objective for the company. in a report on Thursday, March 7th. Zacks Investment Research raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, Deutsche Bank lifted their price objective on Federal Realty Investment Trust from $133.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, May 15th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $140.00.
Shares of Federal Realty Investment Trust stock traded up $0.47 during trading hours on Wednesday, hitting $131.29. 455,790 shares of the company’s stock traded hands, compared to its average volume of 418,314. Federal Realty Investment Trust has a 12-month low of $115.09 and a 12-month high of $139.29. The firm has a market cap of $9.82 billion, a PE ratio of 21.07, a P/E/G ratio of 4.21 and a beta of 0.48. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 1.35.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.11%. The ex-dividend date is Thursday, June 20th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 65.49%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cleararc Capital Inc. bought a new position in shares of Federal Realty Investment Trust during the first quarter valued at $250,000. Horizon Investments LLC purchased a new stake in Federal Realty Investment Trust in the first quarter worth about $3,348,000. FMR LLC increased its position in Federal Realty Investment Trust by 4.3% in the first 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 in the last quarter. Jane Street Group LLC purchased a new stake in Federal Realty Investment Trust in the first quarter worth about $295,000. Finally, HighTower Advisors LLC increased its position in Federal Realty Investment Trust by 8.0% in the first quarter. HighTower Advisors LLC now owns 11,364 shares of the real estate investment trust’s stock worth $1,570,000 after buying an additional 845 shares in the last quarter. 89.60% of the stock is owned by institutional investors.
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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