Federal Realty Investment Trust (NYSE:FRT) Raises Dividend to $1.05 Per Share

Federal Realty Investment Trust (NYSE:FRT) announced a quarterly dividend on Thursday, August 1st, RTT News reports. Stockholders of record on Monday, September 23rd will be paid a dividend of 1.05 per share by the real estate investment trust on Tuesday, October 15th. This represents a $4.20 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Friday, September 20th. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.02.

Federal Realty Investment Trust has increased its dividend by an average of 4.2% annually over the last three years and has raised its dividend annually for the last 51 consecutive years. Federal Realty Investment Trust has a dividend payout ratio of 67.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Federal Realty Investment Trust to earn $6.74 per share next year, which means the company should continue to be able to cover its $4.20 annual dividend with an expected future payout ratio of 62.3%.

Shares of FRT stock opened at $135.45 on Thursday. The firm has a fifty day moving average of $131.56 and a 200-day moving average of $132.30. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.41. Federal Realty Investment Trust has a 12-month low of $115.09 and a 12-month high of $139.29. The company has a market capitalization of $10.09 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 4.12 and a beta of 0.46.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.02. Federal Realty Investment Trust had a net margin of 27.82% and a return on equity of 11.13%. The company had revenue of $229.73 million during the quarter, compared to the consensus estimate of $232.00 million. During the same quarter in the prior year, the firm earned $1.55 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Federal Realty Investment Trust will post 6.39 EPS for the current year.

Several equities research analysts have recently issued reports on FRT shares. DA Davidson downgraded shares of Federal Realty Investment Trust from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 23rd. BMO Capital Markets reissued a “buy” rating and set a $135.00 price objective on shares of Federal Realty Investment Trust in a research report on Monday, August 5th. Raymond James raised shares of Federal Realty Investment Trust from a “market perform” rating to an “outperform” rating and set a $143.00 price objective for the company in a research report on Tuesday, May 28th. Mizuho raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and set a $146.00 price objective for the company in a research report on Friday, September 13th. Finally, Compass Point started coverage on shares of Federal Realty Investment Trust in a research report on Thursday, August 15th. They set a “buy” rating and a $142.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $142.88.

Federal Realty Investment Trust Company Profile

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 densely populated, affluent communities where retail demand exceeds supply.

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Dividend History for Federal Realty Investment Trust (NYSE:FRT)

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