Federal Realty Investment Trust (NYSE:FRT) – Research analysts at Jefferies Group dropped their FY2017 earnings per share (EPS) estimates for Federal Realty Investment Trust in a research report issued on Friday. Jefferies Group analyst G. Hoglund now forecasts that the real estate investment trust will earn $5.86 per share for the year, down from their previous forecast of $5.87.

A number of other analysts have also recently weighed in on FRT. BidaskClub upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Citigroup Inc. restated a “buy” rating and issued a $156.00 price target (down from $160.00) on shares of Federal Realty Investment Trust in a research note on Sunday, June 11th. Boenning Scattergood upgraded Federal Realty Investment Trust from a “neutral” rating to an “outperform” rating in a research note on Wednesday, March 22nd. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research note on Thursday, April 27th. Finally, Deutsche Bank AG raised their price target on 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $159.63.

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Federal Realty Investment Trust (NYSE FRT) opened at 128.27 on Monday. The company’s 50-day moving average price is $125.40 and its 200 day moving average price is $134.29. The firm has a market capitalization of $9.27 billion, a price-to-earnings ratio of 40.29 and a beta of 0.28. Federal Realty Investment Trust has a 12 month low of $120.50 and a 12 month high of $171.08.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.02. Federal Realty Investment Trust had a return on equity of 10.89% and a net margin of 28.27%. The company had revenue of $207.39 million for the quarter, compared to analyst estimates of $205.96 million. During the same period in the prior year, the company posted $1.38 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders 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 3.06%. The ex-dividend date is Tuesday, June 20th. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 123.27%.

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new stake in Federal Realty Investment Trust during the fourth quarter worth approximately $2,188,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Federal Realty Investment Trust during the first quarter worth approximately $240,000. JPMorgan Chase & Co. boosted its stake in Federal Realty Investment Trust by 640.8% in the first quarter. JPMorgan Chase & Co. now owns 857,161 shares of the real estate investment trust’s stock worth $114,432,000 after buying an additional 741,450 shares during the period. Toronto Dominion Bank boosted its stake in Federal Realty Investment Trust by 57.2% in the first quarter. Toronto Dominion Bank now owns 19,458 shares of the real estate investment trust’s stock worth $2,597,000 after buying an additional 7,079 shares during the period. Finally, Morgan Stanley boosted its stake in Federal Realty Investment Trust by 7.6% in the first quarter. Morgan Stanley now owns 508,516 shares of the real estate investment trust’s stock worth $67,887,000 after buying an additional 35,945 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

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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