Equities analysts forecast that Federal Realty Investment Trust (NYSE:FRT) will announce sales of $233.69 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Federal Realty Investment Trust’s earnings. The highest sales estimate is $239.05 million and the lowest is $230.44 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 scheduled to report its next quarterly earnings results after the market closes on Tuesday, February 12th.

On average, analysts expect that Federal Realty Investment Trust will report full-year sales of $910.68 million for the current financial year, with estimates ranging from $895.28 million to $916.83 million. For the next fiscal year, analysts anticipate that the business will post sales of $957.17 million, with estimates ranging from $940.19 million to $969.59 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly 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). Federal Realty Investment Trust had a return on equity of 10.65% and a net margin of 26.33%. The business had revenue of $229.75 million for the quarter, compared to analyst estimates of $228.71 million. During the same quarter last year, the company earned $1.50 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year.

A number of research analysts recently issued reports on FRT shares. Bank of America raised their target price on shares of Federal Realty Investment Trust from $141.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Citigroup raised their target price on shares of Federal Realty Investment Trust from $142.00 to $144.00 and gave the company a “buy” rating in a research note on Monday, August 20th. Scotiabank started coverage on shares of Federal Realty Investment Trust in a research note on Tuesday, October 16th. They issued an “outperform” rating on the stock. Deutsche Bank raised their target price on shares of Federal Realty Investment Trust from $133.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, August 28th. Finally, ValuEngine upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $137.38.

NYSE:FRT traded down $1.53 during midday trading on Tuesday, reaching $134.02. The stock had a trading volume of 420,166 shares, compared to its average volume of 358,657. Federal Realty Investment Trust has a 1-year low of $106.41 and a 1-year high of $135.68. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $9.90 billion, a PE ratio of 22.68, a PEG ratio of 3.71 and a beta of 0.20.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be paid a $1.02 dividend. The ex-dividend date is Monday, December 31st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. This represents a $4.08 dividend on an annualized basis and a yield of 3.04%. Federal Realty Investment Trust’s dividend payout ratio (DPR) is presently 69.04%.

In other Federal Realty Investment Trust news, insider Donald C. Wood sold 12,210 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $132.43, for a total value of $1,616,970.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FRT. JPMorgan Chase & Co. grew its position in Federal Realty Investment Trust by 18.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,151,220 shares of the real estate investment trust’s stock worth $651,475,000 after purchasing an additional 787,694 shares during the last quarter. Centersquare Investment Management LLC grew its position in Federal Realty Investment Trust by 434.3% in the 2nd quarter. Centersquare Investment Management LLC now owns 265,022 shares of the real estate investment trust’s stock worth $33,538,000 after purchasing an additional 215,419 shares during the last quarter. Millennium Management LLC grew its position in Federal Realty Investment Trust by 68.1% in the 2nd quarter. Millennium Management LLC now owns 496,117 shares of the real estate investment trust’s stock worth $62,784,000 after purchasing an additional 200,949 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Federal Realty Investment Trust by 103.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 229,127 shares of the real estate investment trust’s stock worth $28,978,000 after purchasing an additional 116,534 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Federal Realty Investment Trust by 248.1% in the 3rd quarter. Renaissance Technologies LLC now owns 112,800 shares of the real estate investment trust’s stock worth $14,266,000 after purchasing an additional 80,400 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.

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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