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

Federal Realty Investment Trust (NYSE:FRT) announced a quarterly dividend on Friday, February 14th,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 4.19%. The ex-dividend date of this dividend is Tuesday, April 1st.

Federal Realty Investment Trust has raised its dividend by an average of 0.9% per year over the last three years and has increased its dividend every year for the last 58 years. Federal Realty Investment Trust has a payout ratio of 141.0% 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 $7.13 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 61.7%.

Federal Realty Investment Trust Stock Down 6.1 %

Shares of NYSE FRT opened at $105.03 on Friday. Federal Realty Investment Trust has a 12-month low of $95.97 and a 12-month high of $118.34. The company has a market cap of $8.71 billion, a P/E ratio of 30.53, a P/E/G ratio of 2.34 and a beta of 1.24. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48. The stock has a fifty day moving average price of $109.06 and a 200 day moving average price of $112.12.

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 (EPS) for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a return on equity of 10.01% and a net margin of 24.67%. The firm had revenue of $311.44 million during the quarter, compared to the consensus estimate of $311.85 million. Research analysts anticipate that Federal Realty Investment Trust will post 6.77 EPS for the current fiscal year.

Analysts Set New Price Targets

FRT has been the subject of several recent analyst reports. StockNews.com upgraded Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday. Scotiabank raised their target price on Federal Realty Investment Trust from $119.00 to $126.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company lowered their target price on Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upgraded Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and raised their target price for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Finally, Stifel Nicolaus lowered their target price on Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Federal Realty Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.46.

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.