Federal Realty Investment Trust (NYSE:FRT) Expected to Announce Earnings of $1.58 Per Share

Equities analysts forecast that Federal Realty Investment Trust (NYSE:FRT) will announce $1.58 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Federal Realty Investment Trust’s earnings. The lowest EPS estimate is $1.57 and the highest is $1.60. Federal Realty Investment Trust posted earnings per share of $1.55 in the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The company is expected to announce its next earnings report after the market closes on Thursday, August 1st.

On average, analysts expect that Federal Realty Investment Trust will report full year earnings of $6.39 per share for the current year, with EPS estimates ranging from $6.36 to $6.42. For the next fiscal year, analysts expect that the firm will report earnings of $6.75 per share, with EPS estimates ranging from $6.71 to $6.78. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Federal Realty Investment Trust.

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



FRT has been the topic of several research analyst reports. Capital One Financial initiated coverage on shares of Rattler Midstream in a report on Monday, June 17th. They issued an “overweight” rating and a $24.00 target price on the stock. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Raymond James reissued a “buy” rating on shares of Tamarack-Valley-Energy in a report on Tuesday, May 28th. Finally, Deutsche Bank boosted their target price on shares of Alphabet from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a report on Wednesday, May 15th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $139.50.

NYSE:FRT traded down $2.44 during trading hours on Friday, hitting $127.88. 19,078 shares of the stock traded hands, compared to its average volume of 373,892. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.41. Federal Realty Investment Trust has a 1 year low of $115.09 and a 1 year high of $139.29. The stock has a market capitalization of $9.75 billion, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 4.04 and a beta of 0.45. The firm has a 50 day moving average of $131.46.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 21st were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.19%. The ex-dividend date was Thursday, June 20th. Federal Realty Investment Trust’s dividend payout ratio is presently 65.49%.

A number of hedge funds have recently bought and sold shares of the business. 6 Meridian increased its position in Federal Realty Investment Trust by 2.3% during the second quarter. 6 Meridian now owns 3,876 shares of the real estate investment trust’s stock valued at $499,000 after acquiring an additional 88 shares during the last quarter. Conning Inc. grew its holdings in shares of Federal Realty Investment Trust by 5.1% in the first quarter. Conning Inc. now owns 1,858 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 90 shares during the last quarter. Securian Asset Management Inc grew its holdings in shares of Federal Realty Investment Trust by 1.3% in the first quarter. Securian Asset Management Inc now owns 7,643 shares of the real estate investment trust’s stock worth $1,054,000 after purchasing an additional 100 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Federal Realty Investment Trust by 14.8% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 868 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 112 shares during the last quarter. Finally, Cox Capital Mgt LLC grew its holdings in shares of Federal Realty Investment Trust by 1.1% in the first quarter. Cox Capital Mgt LLC now owns 10,714 shares of the real estate investment trust’s stock worth $1,477,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

About Federal Realty Investment Trust

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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