$233.64 Million in Sales Expected for Federal Realty Investment Trust (FRT) This Quarter

Equities analysts expect Federal Realty Investment Trust (NYSE:FRT) to post sales of $233.64 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Federal Realty Investment Trust’s earnings, with the lowest sales estimate coming in at $230.45 million and the highest estimate coming in at $239.05 million. Federal Realty Investment Trust reported sales of $223.96 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The company is expected to issue its next quarterly earnings results on Tuesday, February 12th.

According to Zacks, analysts expect that Federal Realty Investment Trust will report full-year sales of $910.91 million for the current year, with estimates ranging from $895.29 million to $917.70 million. For the next fiscal year, analysts forecast that the firm will post sales of $957.70 million, with estimates ranging from $940.20 million to $969.59 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.82 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.73). The company had revenue of $229.75 million for the quarter, compared to analyst estimates of $228.71 million. Federal Realty Investment Trust had a net margin of 26.33% and a return on equity of 10.65%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.50 EPS.

Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Citigroup set a $146.00 price objective on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Tuesday, November 20th. BMO Capital Markets set a $135.00 price objective on shares of Federal Realty Investment Trust and gave the company a “buy” rating in a research report on Wednesday, October 31st. Wells Fargo & Co raised their price objective on shares of Federal Realty Investment Trust from $144.00 to $148.00 and gave the company an “outperform” rating in a research report on Thursday, November 15th. Finally, ValuEngine upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $137.38.

Federal Realty Investment Trust stock opened at $133.77 on Tuesday. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 3.66 and a beta of 0.20. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.21 and a current ratio of 1.21. Federal Realty Investment Trust has a 52 week low of $106.41 and a 52 week high of $134.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be given a dividend of $1.02 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, December 31st. This represents a $4.08 annualized dividend and a dividend yield of 3.05%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is 69.04%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB acquired a new stake in shares of Federal Realty Investment Trust during the third quarter worth approximately $371,000. TIAA CREF Investment Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 26.6% during the third quarter. TIAA CREF Investment Management LLC now owns 325,730 shares of the real estate investment trust’s stock worth $41,195,000 after purchasing an additional 68,497 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 8.2% during the third quarter. AQR Capital Management LLC now owns 16,635 shares of the real estate investment trust’s stock worth $2,104,000 after purchasing an additional 1,256 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Federal Realty Investment Trust by 32.2% during the third quarter. Macquarie Group Ltd. now owns 35,325 shares of the real estate investment trust’s stock worth $4,468,000 after purchasing an additional 8,600 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Federal Realty Investment Trust by 74.9% during the third quarter. Advisors Asset Management Inc. now owns 3,386 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 1,450 shares during the period. Institutional investors own 91.85% of the company’s stock.

About Federal Realty Investment Trust

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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