Brokerages expect Federal Realty Investment Trust (NYSE:FRT) to post sales of $233.78 million for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Federal Realty Investment Trust’s earnings, with the highest sales estimate coming in at $239.48 million and the lowest estimate coming in at $229.50 million. Federal Realty Investment Trust reported sales of $224.90 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The firm is expected to report its next earnings report on Wednesday, August 7th.

On average, analysts expect that Federal Realty Investment Trust will report full year sales of $943.49 million for the current financial year, with estimates ranging from $931.78 million to $954.92 million. For the next financial year, analysts forecast that the company will post sales of $993.48 million, with estimates ranging from $966.82 million to $1.03 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.01. The business had revenue of $232.23 million for the quarter, compared to analyst estimates of $235.09 million. Federal Realty Investment Trust had a return on equity of 10.53% and a net margin of 26.11%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 EPS.

Several brokerages have weighed in on FRT. Mizuho lowered Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research report on Thursday, March 7th. BMO Capital Markets reaffirmed a “buy” rating and issued a $135.00 target price on shares of Federal Realty Investment Trust in a research report on Thursday, February 14th. Zacks Investment Research raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Deutsche Bank increased their target price on Federal Realty Investment Trust from $133.00 to $134.00 and gave the stock a “hold” rating in a research report on Wednesday, May 15th. Finally, Raymond James raised Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research report on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Federal Realty Investment Trust currently has a consensus rating of “Buy” and a consensus price target of $140.00.

Large investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of Federal Realty Investment Trust by 12.1% in the fourth quarter. LPL Financial LLC now owns 4,452 shares of the real estate investment trust’s stock worth $526,000 after purchasing an additional 482 shares in the last quarter. Calamos Advisors LLC grew its stake in shares of Federal Realty Investment Trust by 1.0% in the first quarter. Calamos Advisors LLC now owns 57,801 shares of the real estate investment trust’s stock worth $7,968,000 after purchasing an additional 579 shares in the last quarter. Sandy Spring Bank grew its stake in shares of Federal Realty Investment Trust by 2.6% in the first quarter. Sandy Spring Bank now owns 4,809 shares of the real estate investment trust’s stock worth $663,000 after purchasing an additional 120 shares in the last quarter. HRT Financial LLC bought a new position in shares of Federal Realty Investment Trust in the fourth quarter worth $371,000. Finally, Rhumbline Advisers grew its stake in shares of Federal Realty Investment Trust by 0.8% in the fourth quarter. Rhumbline Advisers now owns 143,830 shares of the real estate investment trust’s stock worth $16,978,000 after purchasing an additional 1,146 shares in the last quarter. 89.54% of the stock is owned by institutional investors.

FRT stock opened at $129.68 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.41. The company has a market cap of $9.80 billion, a P/E ratio of 20.82, a PEG ratio of 4.18 and a beta of 0.48. Federal Realty Investment Trust has a 12-month low of $115.09 and a 12-month high of $139.29.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 21st will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, June 20th. Federal Realty Investment Trust’s dividend payout ratio is presently 65.49%.

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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