Wall Street analysts expect that Federal Realty Investment Trust (NYSE:FRT) will post sales of $223.37 million for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Federal Realty Investment Trust’s earnings, with the highest sales estimate coming in at $224.70 million and the lowest estimate coming in at $221.90 million. Federal Realty Investment Trust posted sales of $207.39 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The firm is expected to report its next earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that Federal Realty Investment Trust will report full year sales of $911.77 million for the current year, with estimates ranging from $896.74 million to $920.71 million. For the next fiscal year, analysts forecast that the company will report sales of $956.96 million per share, with estimates ranging from $924.87 million to $978.63 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Federal Realty Investment Trust.

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

Several analysts recently issued reports on FRT shares. Mizuho reiterated a “buy” rating and set a $124.00 price target on shares of Federal Realty Investment Trust in a research report on Friday, February 23rd. Sandler O’Neill set a $130.00 price target on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Saturday, February 17th. Boenning Scattergood set a $140.00 price target on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Thursday, February 15th. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price target (down previously from $144.00) on shares of Federal Realty Investment Trust in a research report on Wednesday, February 14th. Finally, BMO Capital Markets set a $142.00 price target on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $135.00.

Shares of NYSE FRT traded up $0.52 during trading hours on Wednesday, hitting $115.72. 272,386 shares of the stock were exchanged, compared to its average volume of 520,809. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $8,431.80, a price-to-earnings ratio of 19.49, a P/E/G ratio of 3.11 and a beta of 0.25. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $138.12.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 14th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, March 13th. Federal Realty Investment Trust’s payout ratio is 67.68%.

In related news, insider Donald C. Wood sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $117.76, for a total value of $3,532,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.95% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of FRT. Lourd Capital LLC bought a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $211,000. American Assets Capital Advisers LLC bought a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $212,000. Keel Point LLC bought a new position in shares of Federal Realty Investment Trust during the fourth quarter valued at $217,000. Magnetar Financial LLC bought a new position in shares of Federal Realty Investment Trust during the third quarter valued at $207,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Federal Realty Investment Trust during the third quarter valued at $237,000. 97.75% of the stock is owned by institutional investors and hedge funds.

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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, our 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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