Zacks: Brokerages Expect Federal Realty Investment Trust (NYSE:FRT) Will Announce Quarterly Sales of $238.93 Million

Equities analysts predict that Federal Realty Investment Trust (NYSE:FRT) will report sales of $238.93 million for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Federal Realty Investment Trust’s earnings. The lowest sales estimate is $233.46 million and the highest is $243.44 million. Federal Realty Investment Trust posted sales of $235.38 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.5%. The business is expected to announce its next earnings report on Wednesday, February 12th.

On average, analysts expect that Federal Realty Investment Trust will report full year sales of $934.93 million for the current fiscal year, with estimates ranging from $927.90 million to $941.51 million. For the next fiscal year, analysts expect that the business will post sales of $975.54 million, with estimates ranging from $929.44 million to $1.02 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Federal Realty Investment Trust.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.75). Federal Realty Investment Trust had a return on equity of 11.09% and a net margin of 28.01%. The firm had revenue of $233.90 million for the quarter, compared to analyst estimates of $231.88 million. During the same period in the previous year, the firm earned $1.58 earnings per share. Federal Realty Investment Trust’s revenue was up 1.8% on a year-over-year basis.

FRT has been the subject of several recent research reports. Compass Point started coverage on shares of Federal Realty Investment Trust in a research note on Thursday, August 15th. They set a “buy” rating and a $142.00 target price for the company. Sandler O’Neill lowered shares of Federal Realty Investment Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $150.00 to $145.00 in a research report on Friday, November 1st. They noted that the move was a valuation call. Zacks Investment Research cut Federal Realty Investment Trust from a “hold” rating to a “sell” rating and set a $148.00 price target on the stock. in a report on Tuesday, October 22nd. Mizuho upgraded Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 price objective for the company in a research report on Friday, September 13th. Finally, Deutsche Bank upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and increased their price objective for the company from $134.00 to $141.00 in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $143.50.

Several institutional investors and hedge funds have recently made changes to their positions in FRT. Millennium Management LLC lifted its position in shares of Federal Realty Investment Trust by 20.9% in the 3rd quarter. Millennium Management LLC now owns 153,623 shares of the real estate investment trust’s stock valued at $20,914,000 after acquiring an additional 26,605 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Federal Realty Investment Trust by 64.7% in the 3rd quarter. Voloridge Investment Management LLC now owns 23,346 shares of the real estate investment trust’s stock worth $3,178,000 after purchasing an additional 9,175 shares during the period. Point72 Asset Management L.P. acquired a new position in Federal Realty Investment Trust in the 3rd quarter worth approximately $1,457,000. Penserra Capital Management LLC grew its position in Federal Realty Investment Trust by 5.6% during the 3rd quarter. Penserra Capital Management LLC now owns 9,996 shares of the real estate investment trust’s stock worth $1,360,000 after purchasing an additional 527 shares in the last quarter. Finally, Thor Advisors LLC purchased a new position in Federal Realty Investment Trust during the 3rd quarter worth approximately $789,000. Institutional investors own 86.56% of the company’s stock.

Shares of FRT traded up $0.60 during mid-day trading on Thursday, hitting $131.77. The company’s stock had a trading volume of 249,815 shares, compared to its average volume of 284,633. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a 50-day moving average price of $133.90 and a 200 day moving average price of $132.59. Federal Realty Investment Trust has a fifty-two week low of $115.09 and a fifty-two week high of $141.35. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 4.28 and a beta of 0.41.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 31st. Federal Realty Investment Trust’s dividend payout ratio is presently 67.42%.

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

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