Federal Realty Investment Trust (FRT) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Federal Realty Investment Trust (NYSE:FRT) released its earnings data on Wednesday. The company reported $1.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.17 by $0.01, American Banking and Market News reports. The company had revenue of $163.80 million for the quarter, compared to the consensus estimate of $162.27 million. During the same quarter last year, the company posted $1.11 earnings per share. Federal Realty Investment Trust’s revenue was up 5.1% compared to the same quarter last year.
FRT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Federal Realty Investment Trust in a research note on Thursday, January 16th. They now have a $110.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 16th. They now have a $116.00 price target on the stock, up previously from $115.00. Finally, analysts at Deutsche Bank raised their price target on shares of Federal Realty Investment Trust from $109.00 to $111.00 in a research note on Wednesday, January 15th. They now have a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Federal Realty Investment Trust has a consensus rating of “Hold” and a consensus target price of $111.10.
Federal Realty Investment Trust (NYSE:FRT) opened at 113.26 on Wednesday. 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 $105.9 and a 200-day moving average of $103.8. The company has a market cap of $7.366 billion and a P/E ratio of 43.13.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 15th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.75%.
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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