Brokers Issue Forecasts for Federal Realty Investment Trust’s FY2017 Earnings (FRT)

Federal Realty Investment Trust (NYSE:FRT) – Equities researchers at Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for Federal Realty Investment Trust in a research report issued on Friday. Jefferies Group analyst G. Hoglund now expects that the real estate investment trust will post earnings per share of $5.86 for the year, down from their prior forecast of $5.87.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.45 EPS for the quarter, beating the consensus estimate of $1.43 by $0.02. Federal Realty Investment Trust had a return on equity of 10.89% and a net margin of 28.27%. The company had revenue of $207.39 million for the quarter, compared to analyst estimates of $205.96 million. During the same quarter in the prior year, the company earned $1.38 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year.

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FRT has been the subject of a number of other research reports. BidaskClub raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Realty Investment Trust in a report on Thursday, April 27th. Boenning Scattergood raised shares of Federal Realty Investment Trust from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 22nd. Citigroup Inc. reissued a “buy” rating and set a $156.00 price objective (down previously from $160.00) on shares of Federal Realty Investment Trust in a report on Sunday, June 11th. Finally, Deutsche Bank AG upped their target price on shares of Federal Realty Investment Trust from $139.00 to $140.00 and gave the company a “hold” rating in a research report on Tuesday, March 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Federal Realty Investment Trust has a consensus rating of “Hold” and a consensus target price of $159.63.

Federal Realty Investment Trust (NYSE:FRT) traded up 0.40% on Monday, reaching $129.22. The company had a trading volume of 65,959 shares. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 40.58 and a beta of 0.28. The company’s 50 day moving average is $125.71 and its 200-day moving average is $133.00. Federal Realty Investment Trust has a one year low of $120.50 and a one year high of $171.08.

Several institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc increased its position in shares of Federal Realty Investment Trust by 0.3% in the first quarter. IFP Advisors Inc now owns 1,534 shares of the real estate investment trust’s stock worth $205,000 after buying an additional 4 shares in the last quarter. Alexandria Capital LLC raised its position in Federal Realty Investment Trust by 1.4% in the first quarter. Alexandria Capital LLC now owns 1,187 shares of the real estate investment trust’s stock valued at $158,000 after buying an additional 16 shares during the last quarter. Pacer Advisors Inc. raised its position in Federal Realty Investment Trust by 3.6% in the first quarter. Pacer Advisors Inc. now owns 1,595 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 55 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Federal Realty Investment Trust by 0.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,490 shares of the real estate investment trust’s stock valued at $1,134,000 after buying an additional 70 shares during the last quarter. Finally, Trust Co. of Toledo NA OH raised its position in Federal Realty Investment Trust by 1.7% in the first quarter. Trust Co. of Toledo NA OH now owns 4,435 shares of the real estate investment trust’s stock valued at $592,000 after buying an additional 72 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Thursday, June 22nd were issued a $0.98 dividend. The ex-dividend date of this dividend was Tuesday, June 20th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.05%. Federal Realty Investment Trust’s dividend payout ratio is presently 123.27%.

About Federal Realty Investment Trust

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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