Federal Realty Investment Trust (NYSE:FRT) – Analysts at Jefferies Group reduced their FY2016 earnings estimates for shares of Federal Realty Investment Trust in a research report issued to clients and investors on Wednesday. Jefferies Group analyst G. Hoglund now anticipates that the brokerage will post earnings of $5.64 per share for the year, down from their previous estimate of $5.66. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Federal Realty Investment Trust’s FY2017 earnings at $5.90 EPS and FY2018 earnings at $6.44 EPS.

Federal Realty Investment Trust (NYSE:FRT) last announced its earnings results on Wednesday, November 2nd. The real estate investment trust reported $1.41 EPS for the quarter, missing the Zacks’ consensus estimate of $1.42 by $0.01. Federal Realty Investment Trust had a net margin of 32.89% and a return on equity of 10.87%. The business had revenue of $201.20 million for the quarter, compared to analysts’ expectations of $200.07 million. During the same period in the prior year, the company posted $1.36 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis.

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

A number of other analysts have also weighed in on the company. Boenning Scattergood lowered Federal Realty Investment Trust from an “outperform” rating to a “neutral” rating in a report on Monday, October 3rd. Morgan Stanley lowered Federal Realty Investment Trust from an “overweight” rating to an “equal weight” rating in a report on Monday, July 18th. Royal Bank Of Canada upped their target price on Federal Realty Investment Trust from $130.00 to $140.00 and gave the stock an “underperform” rating in a report on Monday, August 8th. Citigroup Inc. upped their target price on Federal Realty Investment Trust from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Finally, Zacks Investment Research upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. Federal Realty Investment Trust currently has a consensus rating of “Hold” and a consensus price target of $160.80.

Shares of Federal Realty Investment Trust (NYSE:FRT) opened at 136.98 on Thursday. Federal Realty Investment Trust has a one year low of $134.39 and a one year high of $171.08. The firm’s 50-day moving average is $147.06 and its 200-day moving average is $156.15. The stock has a market capitalization of $9.83 billion, a PE ratio of 37.25 and a beta of 0.36.

Institutional investors have recently added to or reduced their stakes in the stock. Lasalle Investment Management Securities LLC raised its stake in Federal Realty Investment Trust by 1,571.6% in the third quarter. Lasalle Investment Management Securities LLC now owns 639,632 shares of the real estate investment trust’s stock valued at $98,459,000 after buying an additional 601,368 shares during the last quarter. Standard Life Investments LTD raised its stake in Federal Realty Investment Trust by 531.2% in the third quarter. Standard Life Investments LTD now owns 537,853 shares of the real estate investment trust’s stock valued at $82,800,000 after buying an additional 452,636 shares during the last quarter. Janus Capital Management LLC raised its stake in Federal Realty Investment Trust by 110.6% in the second quarter. Janus Capital Management LLC now owns 647,848 shares of the real estate investment trust’s stock valued at $107,251,000 after buying an additional 340,173 shares during the last quarter. Vanguard Group Inc. raised its stake in Federal Realty Investment Trust by 2.9% in the second quarter. Vanguard Group Inc. now owns 11,818,648 shares of the real estate investment trust’s stock valued at $1,956,578,000 after buying an additional 332,826 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in Federal Realty Investment Trust during the second quarter valued at approximately $34,417,000. 91.44% of the stock is currently owned by hedge funds and other institutional investors.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust (REIT) engaged in the ownership, management, and redevelopment of retail and mixed-use properties. The Trust owns or holds interests in community and neighborhood shopping centers and mixed-use properties, which are operated as approximately 90 retail real estate projects consisting approximately 21.4 million square feet, located primarily in the Northeast and Mid-Atlantic regions of the United States, as well as in California.

5 Day Chart for NYSE:FRT

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