$218.68 Million in Sales Expected for Federal Realty Investment Trust (FRT) This Quarter

Wall Street brokerages forecast that Federal Realty Investment Trust (NYSE:FRT) will post $218.68 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Federal Realty Investment Trust’s earnings. The lowest sales estimate is $212.75 million and the highest is $223.37 million. Federal Realty Investment Trust posted sales of $204.11 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, February 13th.

According to Zacks, analysts expect that Federal Realty Investment Trust will report full-year sales of $218.68 million for the current year, with estimates ranging from $843.92 million to $856.76 million. For the next financial year, analysts forecast that the firm will post sales of $906.71 million per share, with estimates ranging from $868.78 million to $938.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.03. The company had revenue of $217.95 million during the quarter, compared to the consensus estimate of $213.63 million. Federal Realty Investment Trust had a net margin of 35.50% and a return on equity of 13.28%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS.

FRT has been the subject of a number of analyst reports. UBS Group raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $141.00 in a report on Thursday, November 9th. Boenning Scattergood reaffirmed a “buy” rating and set a $140.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Mizuho reaffirmed a “buy” rating and set a $142.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Stifel Nicolaus initiated coverage on shares of Federal Realty Investment Trust in a report on Thursday, November 30th. They set a “buy” rating and a $144.00 price objective for the company. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $142.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Federal Realty Investment Trust presently has a consensus rating of “Buy” and a consensus target price of $140.55.

Federal Realty Investment Trust (FRT) traded down $0.40 during trading hours on Tuesday, hitting $122.81. 258,800 shares of the stock were exchanged, compared to its average volume of 386,278. The company has a market cap of $8,909.48, a P/E ratio of 29.95, a price-to-earnings-growth ratio of 3.31 and a beta of 0.34. Federal Realty Investment Trust has a one year low of $119.37 and a one year high of $143.79. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.27.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.26%. The ex-dividend date is Friday, December 29th. Federal Realty Investment Trust’s dividend payout ratio is currently 97.56%.

In related news, CEO Donald C. Wood sold 9,900 shares of Federal Realty Investment Trust stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $132.44, for a total transaction of $1,311,156.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FRT. Advisor Group Inc. lifted its holdings in Federal Realty Investment Trust by 27.4% during the 2nd quarter. Advisor Group Inc. now owns 1,380 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 297 shares during the last quarter. Advisor Partners LLC acquired a new stake in Federal Realty Investment Trust in the 3rd quarter valued at about $203,000. Magnetar Financial LLC acquired a new stake in Federal Realty Investment Trust in the 3rd quarter valued at about $207,000. Timber Hill LLC acquired a new stake in Federal Realty Investment Trust in the 3rd quarter valued at about $215,000. Finally, Kemper Corp Master Retirement Trust increased its position in Federal Realty Investment Trust by 1.4% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 1,750 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 25 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

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

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