Federal Realty Investment Trust (NYSE:FRT) to Issue Quarterly Dividend of $1.10

Federal Realty Investment Trust (NYSE:FRT) announced a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Stockholders of record on Tuesday, October 1st will be given a dividend of 1.10 per share by the real estate investment trust on Tuesday, October 15th. This represents a $4.40 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, October 1st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.09.

Federal Realty Investment Trust has raised its dividend payment by an average of 5.9% annually over the last three years and has increased its dividend annually for the last 58 consecutive years. Federal Realty Investment Trust has a dividend payout ratio of 146.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Federal Realty Investment Trust to earn $7.15 per share next year, which means the company should continue to be able to cover its $4.40 annual dividend with an expected future payout ratio of 61.5%.

Federal Realty Investment Trust Price Performance

NYSE FRT opened at $114.38 on Monday. The business’s fifty day moving average is $113.61 and its 200 day moving average is $105.67. Federal Realty Investment Trust has a fifty-two week low of $85.59 and a fifty-two week high of $118.34. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $9.49 billion, a PE ratio of 40.70, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The company had revenue of $295.80 million for the quarter, compared to the consensus estimate of $293.61 million. During the same quarter last year, the firm posted $1.67 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Federal Realty Investment Trust will post 6.81 earnings per share for the current year.

Insider Transactions at Federal Realty Investment Trust

In other news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $116.47, for a total value of $691,482.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Donald C. Wood sold 5,937 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.64. Following the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FRT shares. Wells Fargo & Company lifted their target price on Federal Realty Investment Trust from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Raymond James lifted their price objective on shares of Federal Realty Investment Trust from $108.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Mizuho upped their target price on shares of Federal Realty Investment Trust from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Truist Financial lifted their price target on shares of Federal Realty Investment Trust from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Piper Sandler boosted their price target on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.85.

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 communities where retail demand exceeds supply.