Q3 2019 EPS Estimates for Federal Realty Investment Trust Increased by Analyst (NYSE:FRT)

Federal Realty Investment Trust (NYSE:FRT) – Equities research analysts at Capital One Financial upped their Q3 2019 earnings per share estimates for Federal Realty Investment Trust in a research note issued on Monday, June 10th. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $1.62 for the quarter, up from their previous forecast of $1.61.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.01. Federal Realty Investment Trust had a return on equity of 10.53% and a net margin of 26.11%. The company had revenue of $232.23 million for the quarter, compared to analysts’ expectations of $235.09 million. During the same quarter in the previous year, the firm posted $1.52 EPS. The firm’s quarterly revenue was up 3.0% on a year-over-year basis.

A number of other research analysts have also weighed in on FRT. Mizuho lowered Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research note on Thursday, March 7th. BMO Capital Markets reissued a “buy” rating and set a $135.00 price target on shares of Federal Realty Investment Trust in a research note on Thursday, February 14th. Zacks Investment Research raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Deutsche Bank increased their price target on Federal Realty Investment Trust from $133.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, May 15th. Finally, Raymond James upgraded Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a report on Tuesday, May 28th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Federal Realty Investment Trust currently has a consensus rating of “Buy” and a consensus target price of $140.00.

FRT stock opened at $130.82 on Wednesday. Federal Realty Investment Trust has a 1 year low of $115.09 and a 1 year high of $139.29. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $9.82 billion, a P/E ratio of 21.00, a P/E/G ratio of 4.21 and a beta of 0.48.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 21st will be issued a $1.02 dividend. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $4.08 annualized dividend and a yield of 3.12%. Federal Realty Investment Trust’s dividend payout ratio is currently 65.49%.

A number of hedge funds and other institutional investors have recently made changes to their positions in FRT. Zions Bancorporation N.A. acquired a new stake in Federal Realty Investment Trust in the 1st quarter valued at $25,000. Quadrant Capital Group LLC grew its stake in shares of Federal Realty Investment Trust by 694.1% during the first quarter. Quadrant Capital Group LLC now owns 270 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 236 shares in the last quarter. Clarus Wealth Advisors grew its stake in shares of Federal Realty Investment Trust by 19.4% during the fourth quarter. Clarus Wealth Advisors now owns 651 shares of the real estate investment trust’s stock valued at $77,000 after acquiring an additional 106 shares in the last quarter. Enlightenment Research LLC acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at about $94,000. Finally, Pearl River Capital LLC acquired a new stake in shares of Federal Realty Investment Trust during the fourth quarter valued at about $100,000. Hedge funds and other institutional investors own 89.60% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply.

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

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