Federal Realty Investment Trust (FRT) to Post Q3 2017 Earnings of $1.48 Per Share, Jefferies Group Forecasts

Federal Realty Investment Trust (NYSE:FRT) – Research analysts at Jefferies Group raised their Q3 2017 earnings per share estimates for shares of Federal Realty Investment Trust in a research note issued to investors on Friday. Jefferies Group analyst G. Hoglund now anticipates that the real estate investment trust will post earnings per share of $1.48 for the quarter, up from their previous estimate of $1.47. Jefferies Group has a “Hold” rating and a $130.00 price target on the stock. Jefferies Group also issued estimates for Federal Realty Investment Trust’s FY2019 earnings at $6.43 EPS.

A number of other research firms also recently weighed in on FRT. BidaskClub upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Friday, August 4th. Bank of America Corporation upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $146.00 in a report on Friday, July 21st. Citigroup Inc. lifted their price objective on Federal Realty Investment Trust from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, Evercore ISI downgraded Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price objective on the stock. in a report on Monday, August 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Federal Realty Investment Trust presently has an average rating of “Buy” and a consensus price target of $140.25.

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Federal Realty Investment Trust (NYSE:FRT) opened at 127.51 on Monday. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $160.15. The firm has a 50-day moving average price of $129.58 and a 200-day moving average price of $129.67. The firm has a market cap of $9.21 billion, a PE ratio of 36.93 and a beta of 0.30.

Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The business had revenue of $208.00 million during the quarter, compared to analysts’ expectations of $208.33 million. During the same quarter in the prior year, the firm earned $1.42 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently bought and sold shares of FRT. BlackRock Inc. grew its stake in shares of Federal Realty Investment Trust by 2,290.9% in the first quarter. BlackRock Inc. now owns 7,899,071 shares of the real estate investment trust’s stock worth $1,054,525,000 after purchasing an additional 7,568,695 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Federal Realty Investment Trust by 173.7% in the second quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock worth $296,548,000 after purchasing an additional 1,489,133 shares during the last quarter. APG Asset Management US Inc. bought a new stake in shares of Federal Realty Investment Trust in the second quarter worth about $104,847,000. Uniplan Investment Counsel Inc. grew its stake in shares of Federal Realty Investment Trust by 199.9% in the second quarter. Uniplan Investment Counsel Inc. now owns 1,168,479 shares of the real estate investment trust’s stock worth $49,926,000 after purchasing an additional 778,865 shares during the last quarter. Finally, Brookfield Asset Management Inc. bought a new stake in shares of Federal Realty Investment Trust in the first quarter worth about $101,874,000. 93.80% of the stock is currently owned by institutional investors.

In related news, CEO Donald C. Wood sold 21,342 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $130.86, for a total value of $2,792,814.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dawn M. Becker sold 21,814 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $130.91, for a total value of $2,855,670.74. Following the completion of the sale, the executive vice president now directly owns 145,809 shares in the company, valued at $19,087,856.19. The disclosure for this sale can be found here. Insiders sold 57,495 shares of company stock worth $7,538,395 over the last three months. 1.10% of the stock is owned by insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 22nd will be issued a $1.00 dividend. The ex-dividend date is Thursday, September 21st. This represents a $4.00 annualized dividend and a dividend yield of 3.14%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s payout ratio is currently 113.62%.

About Federal Realty Investment Trust

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.

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

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