Federal Realty Investment Trust (NYSE:FRT) – Equities researchers at Capital One Financial Corporation lowered their Q3 2017 earnings per share (EPS) estimates for Federal Realty Investment Trust in a research report issued on Tuesday. Capital One Financial Corporation analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $1.47 for the quarter, down from their prior forecast of $1.48.

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

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Several other research firms have also recently commented on FRT. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Friday, August 4th. Citigroup Inc increased their price objective on Federal Realty Investment Trust from $147.00 to $148.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price objective for the company from $140.00 to $146.00 in a research report on Friday, July 21st. Jefferies Group LLC dropped their price objective on Federal Realty Investment Trust from $136.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, September 15th. Finally, BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Federal Realty Investment Trust has an average rating of “Buy” and an average target price of $140.25.

Federal Realty Investment Trust (NYSE FRT) opened at 123.27 on Thursday. The stock has a market capitalization of $8.91 billion, a P/E ratio of 35.70 and a beta of 0.30. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $146.08. The company has a 50 day moving average of $126.76 and a 200-day moving average of $128.37.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 22nd were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.24%. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend was Thursday, September 21st. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 115.94%.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 2,281 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $133.05, for a total value of $303,487.05. Following the transaction, the executive vice president now directly owns 123,744 shares of the company’s stock, valued at $16,464,139.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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. Insiders own 1.10% of the company’s stock.

A number of large investors have recently made changes to their positions in FRT. Teachers Advisors LLC boosted its position in Federal Realty Investment Trust by 15.8% in the first quarter. Teachers Advisors LLC now owns 522,054 shares of the real estate investment trust’s stock worth $69,694,000 after purchasing an additional 71,397 shares during the last quarter. Global X Management Co. LLC boosted its position in 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. Renaissance Technologies LLC boosted its position in Federal Realty Investment Trust by 263.6% in the first quarter. Renaissance Technologies LLC now owns 56,000 shares of the real estate investment trust’s stock worth $7,476,000 after purchasing an additional 40,600 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Federal Realty Investment Trust in the first quarter worth about $236,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Federal Realty Investment Trust in the first quarter worth about $663,000. 93.36% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Federal Realty Investment Trust (NYSE:FRT)

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