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

Federal Realty Investment Trust (NYSE:FRT) announced a quarterly dividend on Thursday, February 13th, 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 dividend yield of 4.55%. The ex-dividend date of this dividend is Tuesday, April 1st.

Federal Realty Investment Trust has increased its dividend payment by an average of 0.9% annually over the last three years and has increased its dividend every year for the last 58 years. Federal Realty Investment Trust has a dividend payout ratio of 141.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Federal Realty Investment Trust to earn $7.42 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 59.3%.

Federal Realty Investment Trust Trading Up 0.0 %

NYSE:FRT opened at $96.80 on Friday. Federal Realty Investment Trust has a 52 week low of $94.58 and a 52 week high of $118.34. The firm’s fifty day moving average is $103.78 and its 200-day moving average is $109.38. The firm has a market cap of $8.29 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.20 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.97 and a current ratio of 1.97.

Federal Realty Investment Trust (NYSE:FRT) last issued its quarterly earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.73. The firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Federal Realty Investment Trust had a return on equity of 9.89% and a net margin of 24.38%. Equities analysts expect that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FRT shares. Wells Fargo & Company cut their price target on Federal Realty Investment Trust from $125.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday. Citigroup restated a “neutral” rating and issued a $106.00 price target (down from $135.00) on shares of Federal Realty Investment Trust in a report on Friday. Stifel Nicolaus dropped their price objective on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Raymond James reduced their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price target on Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.62.

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.