Capital One Financial Brokers Raise Earnings Estimates for Federal Realty Investment Trust (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Investment analysts at Capital One Financial upped their FY2019 earnings per share (EPS) estimates for shares of Federal Realty Investment Trust in a research note issued on Monday. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $6.51 for the year, up from their previous forecast of $6.50.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.57. The business had revenue of $223.96 million for the quarter, compared to the consensus estimate of $218.68 million. Federal Realty Investment Trust had a return on equity of 13.28% and a net margin of 35.50%. During the same quarter in the previous year, the business earned $0.80 EPS.

Several other research firms also recently weighed in on FRT. Stifel Nicolaus initiated coverage on Federal Realty Investment Trust in a research note on Thursday, November 30th. They set a “buy” rating and a $144.00 price target on the stock. Jefferies Group set a $133.00 price target on Federal Realty Investment Trust and gave the company a “hold” rating in a research note on Tuesday. BMO Capital Markets set a $142.00 price target on Federal Realty Investment Trust and gave the company a “buy” rating in a research note on Tuesday. Mizuho reiterated a “buy” rating and set a $142.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. Finally, Boenning Scattergood reiterated a “buy” rating and set a $140.00 price target on shares of Federal Realty Investment Trust in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $139.92.

Federal Realty Investment Trust (NYSE:FRT) traded up $0.69 during trading on Wednesday, reaching $110.95. The company’s stock had a trading volume of 737,497 shares, compared to its average volume of 570,562. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.27. The stock has a market cap of $7,997.57, a P/E ratio of 26.89, a PEG ratio of 2.98 and a beta of 0.23. Federal Realty Investment Trust has a twelve month low of $106.41 and a twelve month high of $143.79.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Federal Realty Investment Trust by 1.6% in the 4th quarter. BlackRock Inc. now owns 7,899,850 shares of the real estate investment trust’s stock valued at $1,049,178,000 after buying an additional 126,701 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Federal Realty Investment Trust by 43.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,376,898 shares of the real estate investment trust’s stock valued at $420,257,000 after buying an additional 1,030,604 shares during the period. PGGM Investments lifted its holdings in shares of Federal Realty Investment Trust by 4.8% in the 3rd quarter. PGGM Investments now owns 1,299,000 shares of the real estate investment trust’s stock valued at $161,349,000 after buying an additional 60,000 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Federal Realty Investment Trust by 57.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,150,079 shares of the real estate investment trust’s stock valued at $142,851,000 after buying an additional 417,339 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Federal Realty Investment Trust by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,034,293 shares of the real estate investment trust’s stock valued at $128,470,000 after buying an additional 17,948 shares during the period. 94.47% of the stock is owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 14th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $4.00 annualized dividend and a dividend yield of 3.61%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 97.56%.

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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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