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

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 given 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 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 increased its dividend annually for the last 58 consecutive years. Federal Realty Investment Trust has a dividend payout ratio of 141.0% meaning 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 $7.13 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 Trading Down 6.1 %

FRT opened at $105.03 on Friday. The stock has a market capitalization 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. Federal Realty Investment Trust has a 12 month low of $95.97 and a 12 month high of $118.34. The firm’s fifty day simple moving average is $109.06 and its 200 day simple moving average is $112.13. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 1.48.

Federal Realty Investment Trust (NYSE:FRT) last posted its quarterly earnings data on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. Federal Realty Investment Trust had a net margin of 24.67% and a return on equity of 10.01%. As a group, research analysts anticipate that Federal Realty Investment Trust will post 6.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a “hold” rating on the stock in a research note on Friday. JPMorgan Chase & Co. upgraded shares of Federal Realty Investment Trust from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $122.00 to $125.00 in a research note on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Scotiabank lifted their price target on shares of 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. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.46.

Federal Realty Investment Trust Company Profile

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.