Federal Realty Investment Trust(NYSE:FRT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $204.109M. Analysts estimated a revenue of $203.740M. The revenues were 0.18% above the estimates. Earnings per share were $1.45. The reported EPS was above estimates by 88.31%. Analysts had estimated an EPS of $0.77.
In a different note, On Dec 13, 2016, Citigroup said it Upgrades its rating on Federal Realty Investment Trust. The shares have been rated ‘Buy’ by the firm.
Federal Realty Investment Trust (FRT) shares turned negative on Wednesdays trading session with the shares closing down -0.95 points or -0.67% at a volume of 3,50,817. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $143.24. The peak price level was also seen at $143.24 while the days lowest was $140.62. Finally the shares closed at $141.55. The 52-week high of the shares is $171.08 while the 52-week low is $134.39. According to the latest information available, the market cap of the company is $10,207 M.
Several Insider Transactions has been reported to the SEC. On May 11, 2016, Donald C Wood (Trustee, President and CEO) sold 18,701 shares at $158.15 per share price.Also, 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.