Federal Realty Investment Trust (NYSE:FRT) Issues Earnings Results

Federal Realty Investment Trust (NYSE:FRT) issued its earnings results on Thursday. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.02, Bloomberg Earnings reports. Federal Realty Investment Trust had a return on equity of 10.53% and a net margin of 26.11%. The firm had revenue of $229.73 million for the quarter, compared to analysts’ expectations of $232.00 million. During the same quarter last year, the business earned $1.55 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Federal Realty Investment Trust updated its FY 2019 guidance to $6.30-6.46 EPS and its FY19 guidance to $6.30-6.46 EPS.

Shares of NYSE FRT traded up $1.69 during mid-day trading on Friday, reaching $132.28. 569,921 shares of the company’s stock were exchanged, compared to its average volume of 291,119. The stock has a market capitalization of $9.91 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 4.09 and a beta of 0.45. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 1.35. The firm’s fifty day moving average is $131.18. Federal Realty Investment Trust has a twelve month low of $115.09 and a twelve month high of $139.29.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 23rd will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.18%. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.02. Federal Realty Investment Trust’s dividend payout ratio (DPR) is currently 65.49%.

A number of equities analysts have issued reports on FRT shares. Zacks Investment Research upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. Capital One Financial upgraded Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating in a report on Monday, June 17th. Raymond James upgraded Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Tuesday, May 28th. Deutsche Bank raised their target price on Federal Realty Investment Trust from $133.00 to $134.00 and gave the stock a “hold” rating in a report on Wednesday, May 15th. Finally, DA Davidson cut Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a report on Tuesday, July 23rd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Federal Realty Investment Trust currently has a consensus rating of “Hold” and an average target price of $140.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. F3Logic LLC raised its position in shares of Federal Realty Investment Trust by 21.1% during the second quarter. F3Logic LLC now owns 13,260 shares of the real estate investment trust’s stock worth $1,738,000 after purchasing an additional 2,308 shares during the period. Comerica Bank raised its position in Federal Realty Investment Trust by 4.8% in the 2nd quarter. Comerica Bank now owns 36,188 shares of the real estate investment trust’s stock valued at $4,723,000 after buying an additional 1,642 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Federal Realty Investment Trust by 7.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 28,659 shares of the real estate investment trust’s stock valued at $3,690,000 after buying an additional 2,026 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its position in Federal Realty Investment Trust by 43.2% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,097 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 331 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. raised its position in Federal Realty Investment Trust by 13.4% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 10,926 shares of the real estate investment trust’s stock valued at $1,401,000 after buying an additional 1,288 shares during the last quarter. 88.97% of the stock is currently owned by institutional investors.

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 for Federal Realty Investment Trust (NYSE:FRT)

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