Federal Realty Investment Trust to Post FY2018 Earnings of $6.14 Per Share, Jefferies Group Forecasts (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Equities research analysts at Jefferies Group boosted their FY2018 EPS estimates for Federal Realty Investment Trust in a research report issued to clients and investors on Tuesday. Jefferies Group analyst G. Hoglund now forecasts that the real estate investment trust will post earnings of $6.14 per share for the year, up from their prior estimate of $6.10. Jefferies Group currently has a “Hold” rating and a $123.00 target price on the stock. Jefferies Group also issued estimates for Federal Realty Investment Trust’s FY2020 earnings at $6.80 EPS.

Several other equities research analysts have also weighed in on the company. UBS Group raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $141.00 in a report on Thursday, November 9th. Boenning Scattergood reissued a “buy” rating and issued a $140.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Mizuho reissued a “buy” rating and issued a $142.00 price objective on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Stifel Nicolaus assumed coverage on Federal Realty Investment Trust in a report on Thursday, November 30th. They issued a “buy” rating and a $144.00 price objective for the company. Finally, Sandler O’Neill set a $130.00 target price on Federal Realty Investment Trust and gave the stock a “buy” rating in a research note on Saturday, February 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $136.33.

Shares of Federal Realty Investment Trust (NYSE FRT) traded down $1.04 on Thursday, reaching $114.91. The company had a trading volume of 171,316 shares, compared to its average volume of 566,814. Federal Realty Investment Trust has a 52 week low of $106.41 and a 52 week high of $138.12. The stock has a market cap of $8,339.58, a price-to-earnings ratio of 28.98, a P/E/G ratio of 3.08 and a beta of 0.29. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.25.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.57. Federal Realty Investment Trust had a return on equity of 12.68% and a net margin of 33.81%. The company had revenue of $223.96 million during the quarter, compared to analyst estimates of $218.68 million. During the same quarter last year, the firm posted $0.80 EPS.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 14th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, March 13th. This represents a $4.00 annualized dividend and a yield of 3.48%. Federal Realty Investment Trust’s dividend payout ratio is currently 100.76%.

A number of hedge funds and other institutional investors have recently modified their holdings of FRT. Advisor Partners LLC bought a new position in Federal Realty Investment Trust in the 3rd quarter worth about $203,000. Magnetar Financial LLC bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at about $207,000. Lourd Capital LLC bought a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at about $211,000. American Assets Capital Advisers LLC bought a new stake in shares of Federal Realty Investment Trust during the 4th quarter valued at about $212,000. Finally, Timber Hill LLC bought a new stake in shares of Federal Realty Investment Trust during the 3rd quarter valued at about $215,000. Institutional investors and hedge funds own 92.74% of the company’s stock.

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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.

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

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