Federal Realty Investment Trust (NYSE:FRT) Updates FY19 Earnings Guidance

Federal Realty Investment Trust (NYSE:FRT) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $6.30-6.46 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.39. Federal Realty Investment Trust also updated its FY 2019 guidance to $6.30-6.46 EPS.

A number of brokerages recently weighed in on FRT. Raymond James raised Federal Realty Investment Trust from a market perform rating to an outperform rating and set a $143.00 price target on the stock in a research note on Tuesday, May 28th. Deutsche Bank lifted their price target on Federal Realty Investment Trust from $133.00 to $134.00 and gave the stock a hold rating in a research note on Wednesday, May 15th. DA Davidson cut Federal Realty Investment Trust from a buy rating to a neutral rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised Federal Realty Investment Trust from a sell rating to a hold rating in a research note on Wednesday, May 8th. Finally, Capital One Financial raised Federal Realty Investment Trust from an equal weight rating to an overweight rating in a research note on Monday, June 17th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $140.00.

Federal Realty Investment Trust stock traded up $1.69 during trading hours on Friday, reaching $132.28. The company had a trading volume of 569,921 shares, compared to its average volume of 308,952. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a 50-day simple moving average of $131.18. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 4.04 and a beta of 0.45. Federal Realty Investment Trust has a 12-month low of $115.09 and a 12-month high of $139.29.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.02. The business had revenue of $229.73 million for the quarter, compared to analysts’ expectations of $232.00 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 27.82%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.55 EPS. Analysts anticipate that Federal Realty Investment Trust will post 6.39 earnings per share for the current year.

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

Further Reading: Trading based on a resistance level

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

Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.