Federal Realty Investment Trust (FRT) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $1.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.41. The company posted revenue of $196.42 million in the period, compared to analysts expectations of $199.26 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.
Many Wall Street Analysts have commented on Federal Realty Investment Trust. Federal Realty Investment Trust was Resumed by Jefferies to “Hold” on Jun 30, 2016. Federal Realty Investment Trust was Downgraded by Stifel to ” Hold” on Jun 24, 2016.
Federal Realty Investment Trust closed down -2.88 points or -1.69% at $167.47 with 4,98,783 shares getting traded on Tusday. Post opening the session at $169.41, the shares hit an intraday low of $167.3 and an intraday high of $169.795 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 11, 2016, Donald C Wood (Trustee, President and CEO) sold 18,701 shares at $158.15 per share price. According to the SEC, on May 11, 2016, Dawn M Becker (EVP-General Counsel & Sec) sold 13,314 shares at $158.44 per share price.
Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company is engaged in the ownership management and redevelopment of retail and mixed-use properties. As of December 31 2014 the Company owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 89 retail real estate projects comprising approximately 20.2 million square feet. These properties are located primarily in the Northeast and Mid-Atlantic regions of the United States as well as in California. As of December 31 2014 the Company owned six retail real estate projects totaling approximately 0.8 million square feet through a joint venture in which it owns a 30% interest. As of December 31 2014 the Company’s real estate projects were 95.6% leased and 94.7% occupied.