FY2017 EPS Estimates for Federal Realty Investment Trust (FRT) Boosted by Boenning Scattergood

Federal Realty Investment Trust (NYSE:FRT) – Investment analysts at Boenning Scattergood lifted their FY2017 earnings per share (EPS) estimates for Federal Realty Investment Trust in a research note issued on Thursday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings per share of $5.88 for the year, up from their prior forecast of $5.86. Boenning Scattergood has a “Outperform” rating on the stock. Boenning Scattergood also issued estimates for Federal Realty Investment Trust’s Q1 2018 earnings at $1.55 EPS, Q2 2018 earnings at $1.54 EPS, Q3 2018 earnings at $1.58 EPS and FY2018 earnings at $6.24 EPS.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $1.45 EPS for the quarter, beating the consensus estimate of $1.43 by $0.02. The business had revenue of $207.39 million for the quarter, compared to analysts’ expectations of $205.96 million. Federal Realty Investment Trust had a net margin of 31.18% and a return on equity of 10.89%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.38 EPS.

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Earnings History and Estimates for Federal Realty Investment Trust (NYSE:FRT)

A number of other research analysts have also weighed in on the stock. Deutsche Bank AG raised their price objective on shares of Federal Realty Investment Trust from $139.00 to $140.00 and gave the company a “hold” rating in a research note on Tuesday, March 21st. Sandler O’Neill raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, March 13th. Zacks Investment Research raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Monday, February 20th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Federal Realty Investment Trust presently has a consensus rating of “Hold” and an average price target of $160.13.

Federal Realty Investment Trust (NYSE:FRT) traded up 0.79% during midday trading on Monday, reaching $131.58. 98,623 shares of the company traded hands. The company has a 50 day moving average of $133.87 and a 200-day moving average of $138.32. Federal Realty Investment Trust has a 12-month low of $126.02 and a 12-month high of $171.08. The stock has a market capitalization of $9.51 billion, a P/E ratio of 41.33 and a beta of 0.31.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FRT. TLP Group LLC purchased a new position in Federal Realty Investment Trust during the third quarter worth $117,000. Alexandria Capital LLC raised its position in Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock worth $158,000 after buying an additional 16 shares during the last quarter. BB&T Securities LLC purchased a new position in Federal Realty Investment Trust during the third quarter worth $231,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Federal Realty Investment Trust during the fourth quarter worth $214,000. Finally, IFP Advisors Inc raised its position in Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 4 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, June 22nd will be given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Tuesday, June 20th. Federal Realty Investment Trust’s payout ratio is currently 112.00%.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

5 Day Chart for NYSE:FRT

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