Federal Realty Investment Trust (NYSE:FRT) – Jefferies Group boosted their Q3 2017 earnings per share estimates for Federal Realty Investment Trust in a report issued on Friday. Jefferies Group analyst G. Hoglund now expects that the real estate investment trust will post earnings of $1.48 per share for the quarter, up from their prior forecast of $1.47. Jefferies Group currently has a “Hold” rating and a $130.00 target price on the stock. Jefferies Group also issued estimates for Federal Realty Investment Trust’s FY2019 earnings at $6.43 EPS.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets assumed coverage on shares of Federal Realty Investment Trust in a report on Sunday. They issued an “outperform” rating and a $145.00 price target on the stock. Citigroup Inc. lifted their price target on shares of Federal Realty Investment Trust from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, August 14th. Evercore ISI cut shares of Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price target on the stock. in a report on Monday, August 14th. Boenning Scattergood set a $140.00 price target on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, BidaskClub raised shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $140.25.

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Federal Realty Investment Trust (FRT) opened at 125.38 on Monday. Federal Realty Investment Trust has a 52 week low of $120.50 and a 52 week high of $160.15. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 36.31 and a beta of 0.30. The stock’s 50 day moving average price is $129.37 and its 200-day moving average price is $129.60.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.03. The company had revenue of $208.00 million for the quarter, compared to analyst estimates of $208.33 million. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 22nd will be issued a dividend of $1.00 per share. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $4.00 dividend on an annualized basis and a yield of 3.19%. Federal Realty Investment Trust’s payout ratio is presently 113.62%.

In other Federal Realty Investment Trust news, EVP Dawn M. Becker sold 21,814 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the sale, the executive vice president now owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Donald C. Wood sold 2,772 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $133.06, for a total transaction of $368,842.32. The disclosure for this sale can be found here. Insiders have sold a total of 57,495 shares of company stock worth $7,538,395 in the last three months. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of FRT. BlackRock Inc. raised its holdings in Federal Realty Investment Trust by 2,290.9% during the 1st quarter. BlackRock Inc. now owns 7,899,071 shares of the real estate investment trust’s stock valued at $1,054,525,000 after acquiring an additional 7,568,695 shares during the period. JPMorgan Chase & Co. grew its position in shares of Federal Realty Investment Trust by 173.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,346,294 shares of the real estate investment trust’s stock valued at $296,548,000 after purchasing an additional 1,489,133 shares in the last quarter. APG Asset Management US Inc. purchased a new position in shares of Federal Realty Investment Trust during the 2nd quarter valued at $104,847,000. Uniplan Investment Counsel Inc. grew its position in shares of Federal Realty Investment Trust by 199.9% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 1,168,479 shares of the real estate investment trust’s stock valued at $49,926,000 after purchasing an additional 778,865 shares in the last quarter. Finally, Brookfield Asset Management Inc. purchased a new position in shares of Federal Realty Investment Trust during the 1st quarter valued at $101,874,000. 93.80% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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

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