Federal Realty Investment Trust (NYSE:FRT) Expected to Announce Earnings of $1.36 Per Share

Equities analysts expect Federal Realty Investment Trust (NYSE:FRT) to post earnings of $1.36 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Federal Realty Investment Trust’s earnings, with the lowest EPS estimate coming in at $1.29 and the highest estimate coming in at $1.47. Federal Realty Investment Trust posted earnings of $1.14 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 19.3%. The firm is expected to issue its next earnings report on Thursday, February 10th.

According to Zacks, analysts expect that Federal Realty Investment Trust will report full year earnings of $5.36 per share for the current financial year, with EPS estimates ranging from $5.15 to $5.56. For the next year, analysts expect that the company will post earnings of $5.72 per share, with EPS estimates ranging from $5.48 to $5.95. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, November 4th. The real estate investment trust reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.64). The firm had revenue of $247.30 million for the quarter, compared to the consensus estimate of $228.23 million. Federal Realty Investment Trust had a return on equity of 10.02% and a net margin of 26.33%. Federal Realty Investment Trust’s revenue was up 18.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS.

A number of research analysts recently weighed in on the stock. Truist lifted their target price on shares of Federal Realty Investment Trust from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Monday, August 30th. Truist Securities lifted their target price on shares of Federal Realty Investment Trust from $120.00 to $125.00 and gave the company a “hold” rating in a research note on Monday, August 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Federal Realty Investment Trust from $129.00 to $140.00 and gave the company a “buy” rating in a research note on Wednesday, October 6th. TheStreet upgraded shares of Federal Realty Investment Trust from a “c+” rating to a “b” rating in a research note on Thursday, November 4th. Finally, Barclays assumed coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, September 1st. They set an “overweight” rating and a $133.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Federal Realty Investment Trust presently has an average rating of “Hold” and an average target price of $118.58.

Shares of FRT traded up $1.16 during trading hours on Thursday, reaching $131.70. 223,195 shares of the stock traded hands, compared to its average volume of 603,927. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.78. Federal Realty Investment Trust has a 52-week low of $81.85 and a 52-week high of $135.55. The company’s 50-day moving average price is $123.53 and its two-hundred day moving average price is $119.82. The company has a market cap of $10.24 billion, a P/E ratio of 43.47, a price-to-earnings-growth ratio of 2.78 and a beta of 1.10.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Stockholders of record on Monday, January 3rd will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, December 31st. Federal Realty Investment Trust’s dividend payout ratio is 141.25%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its holdings in Federal Realty Investment Trust by 3.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,353 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 84 shares during the last quarter. Loudon Investment Management LLC grew its holdings in Federal Realty Investment Trust by 0.7% during the 2nd quarter. Loudon Investment Management LLC now owns 13,106 shares of the real estate investment trust’s stock valued at $1,536,000 after purchasing an additional 86 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Federal Realty Investment Trust by 1.4% during the 2nd quarter. CIBC Asset Management Inc now owns 6,297 shares of the real estate investment trust’s stock valued at $738,000 after purchasing an additional 86 shares during the last quarter. San Francisco Sentry Investment Group CA grew its holdings in Federal Realty Investment Trust by 3.8% during the 2nd quarter. San Francisco Sentry Investment Group CA now owns 2,465 shares of the real estate investment trust’s stock valued at $289,000 after purchasing an additional 90 shares during the last quarter. Finally, Texas Permanent School Fund grew its holdings in Federal Realty Investment Trust by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 11,755 shares of the real estate investment trust’s stock valued at $1,377,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 84.73% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the ownership, management and redevelopment of high quality retail focus properties. The company was founded by Samuel J. Gorlitz in 1962 and is headquartered in North Bethesda, MD.

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Earnings History and Estimates for Federal Realty Investment Trust (NYSE:FRT)

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