Federal Realty Investment Trust (NYSE:FRT) Announces $1.10 Quarterly Dividend

Federal Realty Investment Trust (NYSE:FRT) announced a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Shareholders of record on Tuesday, April 1st will be given a dividend of 1.10 per share by the real estate investment trust on Tuesday, April 15th. This represents a $4.40 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Tuesday, April 1st.

Federal Realty Investment Trust has increased its dividend payment by an average of 0.9% per year over the last three years and has raised its dividend annually for the last 58 consecutive years. Federal Realty Investment Trust has a dividend payout ratio of 141.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Federal Realty Investment Trust to earn $7.13 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 61.7%.

Federal Realty Investment Trust Stock Performance

NYSE FRT opened at $105.03 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $8.71 billion, a P/E ratio of 30.53, a P/E/G ratio of 2.34 and a beta of 1.24. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The firm has a 50-day moving average price of $109.06 and a two-hundred day moving average price of $112.13.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.73. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. Analysts anticipate that Federal Realty Investment Trust will post 6.77 earnings per share for the current year.

Analyst Ratings Changes

FRT has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a report on Friday. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $122.00 to $125.00 in a report on Friday, December 20th. Scotiabank upped their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a “sector outperform” rating in a report on Monday, November 25th. Finally, Wells Fargo & Company cut their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and an average price target of $123.46.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.