Brokerages Expect Federal Realty Investment Trust (NYSE:FRT) to Post $1.58 EPS

Wall Street analysts forecast that Federal Realty Investment Trust (NYSE:FRT) will announce $1.58 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Federal Realty Investment Trust’s earnings. The highest EPS estimate is $1.60 and the lowest is $1.55. Federal Realty Investment Trust reported earnings of $1.56 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The firm is expected to announce its next quarterly earnings report on Thursday, May 7th.

On average, analysts expect that Federal Realty Investment Trust will report full year earnings of $6.49 per share for the current fiscal year, with EPS estimates ranging from $6.22 to $6.55. For the next fiscal year, analysts anticipate that the company will report earnings of $6.87 per share, with EPS estimates ranging from $6.80 to $6.93. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.32. The firm had revenue of $239.10 million for the quarter, compared to the consensus estimate of $238.32 million. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS.

A number of research firms have recently weighed in on FRT. Jefferies Financial Group upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $144.00 in a research report on Wednesday, January 15th. ValuEngine upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Raymond James dropped their target price on Federal Realty Investment Trust from $143.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday. Stifel Nicolaus dropped their target price on Federal Realty Investment Trust from $147.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, December 24th. Finally, Zacks Investment Research downgraded Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 target price for the company. in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Federal Realty Investment Trust has a consensus rating of “Hold” and a consensus target price of $142.50.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRT. Resolution Capital Ltd increased its holdings in Federal Realty Investment Trust by 94.6% in the third quarter. Resolution Capital Ltd now owns 1,006,892 shares of the real estate investment trust’s stock valued at $137,078,000 after purchasing an additional 489,540 shares during the last quarter. Lasalle Investment Management Securities LLC increased its holdings in shares of Federal Realty Investment Trust by 817.0% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 492,563 shares of the real estate investment trust’s stock worth $63,408,000 after acquiring an additional 438,850 shares in the last quarter. Heitman Real Estate Securities LLC increased its holdings in shares of Federal Realty Investment Trust by 67.0% in the fourth quarter. Heitman Real Estate Securities LLC now owns 348,453 shares of the real estate investment trust’s stock worth $44,856,000 after acquiring an additional 139,853 shares in the last quarter. State Street Corp increased its holdings in shares of Federal Realty Investment Trust by 1.6% in the third quarter. State Street Corp now owns 7,220,855 shares of the real estate investment trust’s stock worth $990,662,000 after acquiring an additional 117,175 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Federal Realty Investment Trust by 23.5% in the fourth quarter. First Trust Advisors LP now owns 399,939 shares of the real estate investment trust’s stock worth $51,484,000 after acquiring an additional 75,971 shares in the last quarter. Institutional investors and hedge funds own 85.87% of the company’s stock.

Shares of FRT stock traded up $2.38 on Friday, reaching $127.23. 416,278 shares of the stock were exchanged. Federal Realty Investment Trust has a one year low of $122.50 and a one year high of $141.35. The stock has a 50 day moving average price of $127.39 and a 200 day moving average price of $131.36.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, March 16th will be issued a $1.05 dividend. The ex-dividend date is Friday, March 13th. This represents a $4.20 dividend on an annualized basis and a yield of 3.30%.

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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