Federal Realty Investment Trust (FRT) Scheduled to Post Quarterly Earnings on Wednesday
Federal Realty Investment Trust (NYSE:FRT) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Federal Realty Investment Trust has set its FY17 guidance at $5.86-5.94 EPS.
Federal Realty Investment Trust (NYSE:FRT) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The business had revenue of $208.00 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.42 EPS. On average, analysts expect Federal Realty Investment Trust to post $5.9 EPS for the current fiscal year and $6.21 EPS for the next fiscal year.
Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 124.90 on Wednesday. Federal Realty Investment Trust has a 52 week low of $120.50 and a 52 week high of $147.55. The firm has a market cap of $9.02 billion, a PE ratio of 36.17 and a beta of 0.30. The stock has a 50 day moving average price of $126.89 and a 200 day moving average price of $128.40.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 22nd were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Thursday, September 21st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. Federal Realty Investment Trust’s payout ratio is currently 115.94%.
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In other news, insider Donald C. Wood sold 2,772 shares of Federal Realty Investment Trust stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total transaction of $368,842.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dawn M. Becker sold 2,281 shares of Federal Realty Investment Trust stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $133.05, for a total transaction of $303,487.05. Following the sale, the executive vice president now directly owns 123,744 shares of the company’s stock, valued at approximately $16,464,139.20. The disclosure for this sale can be found here. In the last three months, insiders sold 57,495 shares of company stock valued at $7,538,395. 1.10% of the stock is owned by insiders.
A number of research analysts recently issued reports on the company. Citigroup Inc. boosted their price target on Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a report on Monday, August 14th. Evercore ISI downgraded Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price target on the stock. in a research note on Monday, August 14th. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Friday, August 4th. Jefferies Group LLC restated a “hold” rating and issued a $136.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, July 25th. Finally, BMO Capital Markets began coverage on Federal Realty Investment Trust in a research report on Sunday, September 17th. They issued an “outperform” rating and a $145.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $140.25.
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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