Wall Street analysts predict that Federal Realty Investment Trust (NYSE:FRT) will post sales of $234.70 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Federal Realty Investment Trust’s earnings, with the highest sales estimate coming in at $239.33 million and the lowest estimate coming in at $230.99 million. Federal Realty Investment Trust posted sales of $229.75 million during the same quarter last year, which suggests a positive year over year growth rate of 2.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Federal Realty Investment Trust will report full year sales of $939.98 million for the current year, with estimates ranging from $928.84 million to $954.92 million. For the next year, analysts expect that the firm will post sales of $990.96 million, with estimates ranging from $966.09 million to $1.03 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Federal Realty Investment Trust.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. Federal Realty Investment Trust had a return on equity of 11.13% and a net margin of 27.82%. The firm had revenue of $229.73 million for the quarter, compared to analyst estimates of $232.00 million. During the same period in the prior year, the firm posted $1.55 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis.
NYSE FRT traded up $0.64 on Tuesday, reaching $130.65. The stock had a trading volume of 649,700 shares, compared to its average volume of 397,999. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a fifty day moving average of $130.63 and a two-hundred day moving average of $132.72. Federal Realty Investment Trust has a 1-year low of $115.09 and a 1-year high of $139.29. The company has a market cap of $9.74 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 3.99 and a beta of 0.45.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 23rd will be issued a dividend of $1.05 per share. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. This represents a $4.20 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, September 20th. Federal Realty Investment Trust’s dividend payout ratio is 65.49%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. acquired a new stake in Federal Realty Investment Trust in the first quarter valued at about $25,000. Quadrant Capital Group LLC boosted its stake in Federal Realty Investment Trust by 694.1% in the first quarter. Quadrant Capital Group LLC now owns 270 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 236 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Federal Realty Investment Trust in the second quarter valued at about $39,000. Harvest Fund Management Co. Ltd boosted its stake in Federal Realty Investment Trust by 200.0% in the second quarter. Harvest Fund Management Co. Ltd now owns 300 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 200 shares in the last quarter. Finally, CSat Investment Advisory L.P. boosted its stake in Federal Realty Investment Trust by 54.0% in the second quarter. CSat Investment Advisory L.P. now owns 345 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 121 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.
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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