Federal Realty Investment Trust (FRT) to Issue Quarterly Dividend of $1.10 on April 15th

Federal Realty Investment Trust (NYSE:FRT) declared a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Investors of record on Tuesday, April 1st will be paid a dividend of 1.10 per share by the real estate investment trust on Tuesday, April 15th. This represents a $4.40 annualized dividend and a yield of 4.55%. The ex-dividend date is Tuesday, April 1st.

Federal Realty Investment Trust has increased its dividend by an average of 0.9% annually over the last three years and has raised 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. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 1.45. Federal Realty Investment Trust has a 12 month low of $94.58 and a 12 month high of $118.34. The company has a market capitalization of $8.29 billion, a PE ratio of 28.22, a P/E/G ratio of 2.20 and a beta of 1.27. The stock has a 50-day simple moving average of $103.78 and a 200 day simple moving average of $109.38.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FRT. JPMorgan Chase & Co. reduced their target price on shares of Federal Realty Investment Trust from $125.00 to $114.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Raymond James cut their target price on Federal Realty Investment Trust from $125.00 to $117.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Scotiabank lowered their price objective on shares of Federal Realty Investment Trust from $126.00 to $117.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. StockNews.com raised shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Citigroup reaffirmed a “neutral” rating and issued a $106.00 target price (down previously from $135.00) on shares of Federal Realty Investment Trust in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.