Federal Realty Investment Trust (NYSE:FRT) – Stock analysts at Capital One Financial raised their FY2019 earnings per share estimates for Federal Realty Investment Trust in a research note issued on Monday, June 17th, according to Zacks Investment Research. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $6.39 for the year, up from their previous estimate of $6.38. Capital One Financial currently has a “Overweight” rating on the stock. Capital One Financial also issued estimates for Federal Realty Investment Trust’s Q2 2020 earnings at $1.68 EPS.
FRT has been the topic of several other research reports. Mizuho lowered shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a report on Thursday, March 7th. Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Tuesday, May 28th. Deutsche Bank boosted their target price on shares of 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, Zacks Investment Research raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $139.50.
Shares of NYSE FRT opened at $126.50 on Thursday. The firm’s 50-day moving average is $131.55. Federal Realty Investment Trust has a 1-year low of $115.09 and a 1-year high of $139.29. The firm has a market capitalization of $9.84 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 4.08 and a beta of 0.48. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.41.
Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $1.56 earnings per share (EPS) 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 analyst estimates of $235.09 million. During the same quarter in the previous year, the business earned $1.52 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 3.0% on a year-over-year basis.
Hedge funds have recently modified their holdings of the business. LPL Financial LLC grew its position in Federal Realty Investment Trust by 12.1% in the 4th 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 boosted its stake in 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 valued at $7,968,000 after acquiring an additional 579 shares during the last quarter. Sandy Spring Bank boosted its stake in 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 valued at $663,000 after acquiring an additional 120 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Federal Realty Investment Trust by 12.9% in the first quarter. Pictet Asset Management Ltd. now owns 54,206 shares of the real estate investment trust’s stock valued at $7,472,000 after acquiring an additional 6,200 shares during the last quarter. Finally, HRT Financial LLC purchased a new position in Federal Realty Investment Trust in the fourth quarter valued at about $371,000. 89.53% of the stock is owned by institutional investors and hedge funds.
The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, June 20th. Federal Realty Investment Trust’s payout ratio is 65.49%.
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.