Federal Realty Investment Trust (FRT) to Release Quarterly Earnings on Wednesday
Federal Realty Investment Trust (NYSE:FRT) is scheduled to announce its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $1.46 per share for the quarter. Federal Realty Investment Trust has set its FY17 guidance at $5.85-5.93 EPS.
Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.02. The firm had revenue of $207.39 million during the quarter, compared to analysts’ expectations of $205.96 million. Federal Realty Investment Trust had a return on equity of 10.89% and a net margin of 28.27%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.38 EPS. On average, analysts expect Federal Realty Investment Trust to post $5.89 EPS for the current fiscal year and $6.22 EPS for the next fiscal year.
Shares of Federal Realty Investment Trust (FRT) traded up 0.91% during trading on Thursday, hitting $133.91. The stock had a trading volume of 72,811 shares. Federal Realty Investment Trust has a 52-week low of $120.50 and a 52-week high of $171.08. The firm’s 50-day moving average is $127.09 and its 200 day moving average is $132.59. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 42.06 and a beta of 0.28.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Thursday, June 22nd were given a $0.98 dividend. The ex-dividend date was Tuesday, June 20th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.95%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 123.27%.
FRT has been the subject of a number of analyst reports. Seaport Global Securities restated a “buy” rating on shares of Federal Realty Investment Trust in a research report on Thursday, April 27th. Citigroup Inc. reiterated a “buy” rating and issued a $156.00 price objective (down from $160.00) on shares of Federal Realty Investment Trust in a research report on Sunday, June 11th. BidaskClub upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Bank of America Corporation upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $146.00 in a research report on Friday, July 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $136.00 price objective on shares of Federal Realty Investment Trust in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $154.33.
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Federal Realty Investment Trust Company Profile
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.
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