Federal Realty Investment Trust (FRT) to Issue Quarterly Dividend of $1.13 on October 15th

Federal Realty Investment Trust (NYSE:FRT) declared a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Stockholders of record on Wednesday, October 1st will be given a dividend of 1.13 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a 2.7% increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10.

Federal Realty Investment Trust has a payout ratio of 137.5% 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 research 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 Price Performance

Shares of FRT stock opened at $99.46 on Monday. The stock has a 50 day moving average price of $97.13 and a 200 day moving average price of $95.55. Federal Realty Investment Trust has a 52-week low of $80.65 and a 52-week high of $118.09. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market capitalization of $8.58 billion, a P/E ratio of 25.18, a P/E/G ratio of 3.80 and a beta of 1.16.

Federal Realty Investment Trust (NYSE:FRT) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.18. The business had revenue of $302.48 million for the quarter, compared to analyst estimates of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.69 earnings per share. As a group, sell-side analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Federal Realty Investment Trust by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 13,273,108 shares of the real estate investment trust’s stock worth $1,260,813,000 after buying an additional 244,854 shares during the last quarter. Norges Bank purchased a new stake in shares of Federal Realty Investment Trust during the second quarter worth approximately $690,507,000. State Street Corp raised its stake in Federal Realty Investment Trust by 2.8% in the 2nd quarter. State Street Corp now owns 6,578,616 shares of the real estate investment trust’s stock valued at $624,903,000 after purchasing an additional 176,613 shares during the last quarter. Resolution Capital Ltd boosted its stake in Federal Realty Investment Trust by 11.8% during the 2nd quarter. Resolution Capital Ltd now owns 3,264,653 shares of the real estate investment trust’s stock worth $310,109,000 after purchasing an additional 344,189 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Federal Realty Investment Trust by 3.1% during the second quarter. Invesco Ltd. now owns 2,712,912 shares of the real estate investment trust’s stock worth $257,700,000 after buying an additional 82,312 shares in the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

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.