Federal Realty Investment Trust (NYSE:FRT) – Research analysts at Jefferies Group cut their Q3 2017 earnings estimates for Federal Realty Investment Trust in a research report issued to clients and investors on Monday. Jefferies Group analyst G. Hoglund now anticipates that the real estate investment trust will post earnings of $1.47 per share for the quarter, down from their prior estimate of $1.48. Jefferies Group currently has a “Hold” rating and a $130.00 price target on the stock. Jefferies Group also issued estimates for Federal Realty Investment Trust’s FY2017 earnings at $5.91 EPS.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.03. The firm had revenue of $208.00 million for the quarter, compared to the consensus estimate of $208.33 million. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 EPS.

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A number of other research analysts have also recently issued reports on the company. BMO Capital Markets assumed coverage on Federal Realty Investment Trust in a research note on Sunday, September 17th. They set an “outperform” rating and a $145.00 price objective on the stock. Citigroup Inc. raised their price objective on Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Evercore ISI cut Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price objective on the stock. in a research note on Monday, August 14th. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Federal Realty Investment Trust presently has a consensus rating of “Buy” and a consensus price target of $140.25.

Federal Realty Investment Trust (NYSE:FRT) opened at 129.63 on Wednesday. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $149.01. The firm has a market capitalization of $9.37 billion, a P/E ratio of 37.54 and a beta of 0.30. The firm’s 50-day moving average price is $126.74 and its 200 day moving average price is $128.70.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 22nd were paid a $1.00 dividend. The ex-dividend date was Thursday, September 21st. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. This represents a $4.00 annualized dividend and a dividend yield of 3.09%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 115.94%.

In related news, CEO Donald C. Wood sold 21,342 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $130.86, for a total value of $2,792,814.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dawn M. Becker sold 21,814 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $130.91, for a total value of $2,855,670.74. Following the completion of the sale, the executive vice president now directly owns 145,809 shares in the company, valued at $19,087,856.19. The disclosure for this sale can be found here. Insiders sold 57,495 shares of company stock worth $7,538,395 over the last three months. 1.10% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of FRT. Franklin Parlapiano Turner & Welch LLC bought a new stake in shares of Federal Realty Investment Trust in the first quarter worth about $126,000. Global X Management Co. LLC grew its stake in shares of Federal Realty Investment Trust by 30.6% in the first quarter. Global X Management Co. LLC now owns 1,245 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 292 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Federal Realty Investment Trust by 27.4% in the second quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock worth $173,000 after purchasing an additional 297 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Federal Realty Investment Trust by 9.1% in the second quarter. Pacer Advisors Inc. now owns 1,740 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 145 shares during the last quarter. Finally, Kemper Corp Master Retirement Trust grew its stake in shares of Federal Realty Investment Trust by 1.4% in the second quarter. Kemper Corp Master Retirement Trust now owns 1,750 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 25 shares during the last quarter. 93.41% of the stock is currently owned by institutional investors.

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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