FY2018 EPS Estimates for Federal Realty Investment Trust Lowered by Jefferies Group (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Analysts at Jefferies Group dropped their FY2018 earnings per share estimates for Federal Realty Investment Trust in a report released on Thursday, April 12th. Jefferies Group analyst G. Hoglund now anticipates that the real estate investment trust will post earnings per share of $6.13 for the year, down from their prior estimate of $6.14. Jefferies Group currently has a “Hold” rating and a $123.00 target price on the stock. Jefferies Group also issued estimates for Federal Realty Investment Trust’s FY2019 earnings at $6.50 EPS.

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A number of other research firms also recently issued reports on FRT. BMO Capital Markets reiterated a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, January 9th. SunTrust Banks reiterated a “hold” rating and issued a $123.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, April 3rd. JPMorgan Chase lowered their price objective on shares of Federal Realty Investment Trust from $142.00 to $136.00 and set an “overweight” rating on the stock in a report on Monday, March 19th. Deutsche Bank lowered their price objective on shares of Federal Realty Investment Trust from $146.00 to $135.00 and set a “hold” rating on the stock in a report on Monday, March 19th. Finally, Mizuho reiterated a “buy” rating and issued a $124.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $135.00.

NYSE FRT opened at $115.20 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.30 and a current ratio of 1.30. Federal Realty Investment Trust has a 12-month low of $106.41 and a 12-month high of $138.12. The company has a market capitalization of $8,414.24, a PE ratio of 19.49, a price-to-earnings-growth ratio of 3.11 and a beta of 0.25.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.57. Federal Realty Investment Trust had a net margin of 33.81% and a return on equity of 12.68%. The company had revenue of $223.96 million for the quarter, compared to the consensus estimate of $218.68 million. During the same period last year, the company earned $0.80 earnings per share.

Large investors have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. bought a new position in shares of Federal Realty Investment Trust in the fourth quarter valued at $606,000. Ameriprise Financial Inc. grew its stake in shares of Federal Realty Investment Trust by 88.0% in the third quarter. Ameriprise Financial Inc. now owns 49,944 shares of the real estate investment trust’s stock valued at $6,212,000 after buying an additional 23,379 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Federal Realty Investment Trust by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,034,293 shares of the real estate investment trust’s stock valued at $128,470,000 after buying an additional 17,948 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Federal Realty Investment Trust by 29.1% in the fourth quarter. Deutsche Bank AG now owns 210,444 shares of the real estate investment trust’s stock valued at $27,945,000 after buying an additional 47,476 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Federal Realty Investment Trust by 520.0% in the fourth quarter. Millennium Management LLC now owns 151,677 shares of the real estate investment trust’s stock valued at $20,144,000 after buying an additional 127,214 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

In related news, insider Donald C. Wood sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $117.76, for a total value of $3,532,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 14th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $4.00 annualized dividend and a dividend yield of 3.47%. Federal Realty Investment Trust’s dividend payout ratio is presently 67.68%.

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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, our mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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