Federal Realty Investment Trust (FRT) to Release Earnings on Friday
Federal Realty Investment Trust (NYSE:FRT) is scheduled to be releasing its Q313 earnings data on Friday, November 1st. Analysts expect Federal Realty Investment Trust to post earnings of $1.15 per share and revenue of $158.00 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.
Federal Realty Investment Trust (NYSE:FRT) last released its earnings data on Friday, August 2nd. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.04. The company had revenue of $157.90 million for the quarter, compared to the consensus estimate of $155.36 million. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts expect Federal Realty Investment Trust to post $4.56 EPS for the current fiscal year and $4.86 EPS for the next fiscal year.
Federal Realty Investment Trust (NYSE:FRT) opened at 105.05 on Thursday. Federal Realty Investment Trust has a 52-week low of $94.35 and a 52-week high of $118.52. The stock has a 50-day moving average of $103.5 and a 200-day moving average of $105.8. The company has a market cap of $6.901 billion and a P/E ratio of 46.70.
A number of analysts have recently weighed in on FRT shares. Analysts at Zacks reiterated a “neutral” rating on shares of Federal Realty Investment Trust in a research note to investors on Tuesday, October 8th. They now have a $108.00 price target on the stock. On a related note, analysts at Jefferies Group upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 18th. They now have a $116.00 price target on the stock, up previously from $112.00. Finally, analysts at Capital One Financial Corp. initiated coverage on shares of Federal Realty Investment Trust in a research note to investors on Monday, September 16th. They set a “neutral” rating on the stock. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $109.14.
Federal Realty Investment Trust (NYSE:FRT) is an equity real estate investment trust (REIT) specializing in the ownership, management, and redevelopment of retail and mixed-use properties located in metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California.
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