Federal Realty Investment Trust (NYSE:FRT) – Stock analysts at Jefferies Financial Group lowered their FY2020 earnings per share (EPS) estimates for shares of Federal Realty Investment Trust in a research note issued to investors on Wednesday, August 15th. Jefferies Financial Group analyst G. Hoglund now anticipates that the real estate investment trust will earn $6.76 per share for the year, down from their prior estimate of $6.81. Jefferies Financial Group currently has a “Hold” rating and a $128.00 target price on the stock.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.02. Federal Realty Investment Trust had a return on equity of 12.76% and a net margin of 31.64%. The company had revenue of $224.90 million during the quarter, compared to analysts’ expectations of $223.56 million. During the same period in the previous year, the firm posted $1.49 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year.

A number of other equities analysts have also recently weighed in on FRT. BMO Capital Markets reissued a “buy” rating and issued a $142.00 price target on shares of Federal Realty Investment Trust in a report on Wednesday, May 2nd. Boenning Scattergood set a $140.00 price target on Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Friday, May 4th. ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. TheStreet raised Federal Realty Investment Trust from a “c+” rating to a “b-” rating in a research report on Thursday, June 21st. Finally, DA Davidson raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating in a research report on Monday, June 25th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Federal Realty Investment Trust currently has an average rating of “Buy” and a consensus price target of $137.54.

NYSE FRT opened at $130.50 on Monday. Federal Realty Investment Trust has a fifty-two week low of $106.41 and a fifty-two week high of $134.52. The firm has a market capitalization of $9.19 billion, a PE ratio of 22.08, a P/E/G ratio of 3.37 and a beta of 0.23. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.49.

Several large investors have recently made changes to their positions in the company. Hsbc Holdings PLC grew its position in Federal Realty Investment Trust by 4.7% during the first quarter. Hsbc Holdings PLC now owns 332,318 shares of the real estate investment trust’s stock valued at $38,586,000 after acquiring an additional 15,048 shares during the period. Riverhead Capital Management LLC grew its position in Federal Realty Investment Trust by 11.0% during the first quarter. Riverhead Capital Management LLC now owns 4,552 shares of the real estate investment trust’s stock valued at $528,000 after acquiring an additional 450 shares during the period. Royal Bank of Canada grew its position in Federal Realty Investment Trust by 4.7% during the first quarter. Royal Bank of Canada now owns 23,644 shares of the real estate investment trust’s stock valued at $2,746,000 after acquiring an additional 1,058 shares during the period. Wells Fargo & Company MN grew its position in Federal Realty Investment Trust by 8.7% during the first quarter. Wells Fargo & Company MN now owns 410,596 shares of the real estate investment trust’s stock valued at $47,675,000 after acquiring an additional 32,980 shares during the period. Finally, KBC Group NV grew its position in Federal Realty Investment Trust by 22.3% during the first quarter. KBC Group NV now owns 8,240 shares of the real estate investment trust’s stock valued at $957,000 after acquiring an additional 1,500 shares during the period. 93.22% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Donald C. Wood sold 2,578 shares of Federal Realty Investment Trust stock in a transaction on Friday, June 1st. The stock was sold at an average price of $119.26, for a total value of $307,452.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 56,625 shares of company stock valued at $6,796,976. Company insiders own 0.95% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 21st will be given a $1.02 dividend. The ex-dividend date is Thursday, September 20th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.13%. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.00. Federal Realty Investment Trust’s payout ratio is currently 67.68%.

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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