Federal Realty Investment Trust (NYSE:FRT) declared a quarterly dividend on Thursday, August 1st, RTT News reports. Investors of record on Monday, September 23rd will be given 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 yield of 3.10%. The ex-dividend date of this dividend is Friday, September 20th. This is a boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.02.
Federal Realty Investment Trust has increased its dividend payment by an average of 4.2% annually over the last three years and has increased its dividend every year for the last 51 years. Federal Realty Investment Trust has a payout ratio of 67.9% indicating that its dividend is sufficiently covered by earnings. 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 Federal Realty Investment Trust stock opened at $135.66 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $10.12 billion, a P/E ratio of 21.78, a P/E/G ratio of 4.14 and a beta of 0.46. The firm has a 50 day simple moving average of $131.50 and a 200 day simple moving average of $132.29. Federal Realty Investment Trust has a fifty-two week low of $115.09 and a fifty-two week high of $139.29.
Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $229.73 million during the quarter, compared to analyst estimates of $232.00 million. During the same quarter last year, the business posted $1.55 earnings per share. Federal Realty Investment Trust’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts expect that Federal Realty Investment Trust will post 6.39 EPS for the current year.
FRT has been the topic of a number of research reports. Capital One Financial upgraded shares of Federal Realty Investment Trust from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 17th. Compass Point started coverage on shares of Federal Realty Investment Trust in a research note on Thursday, August 15th. They set a “buy” rating and a $142.00 price objective for the company. 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 note 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 note on Friday, September 13th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $135.00 price objective on shares of Federal Realty Investment Trust in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price 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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