Federal Realty Investment Trust (NYSE:FRT) declared a quarterly dividend on Wednesday, November 1st, RTT News reports. Investors of record on Tuesday, January 2nd will be given a dividend of 1.00 per share by the real estate investment trust on Tuesday, January 16th. This represents a $4.00 dividend on an annualized basis and a yield of 3.32%.

Federal Realty Investment Trust has raised its dividend by an average of 8.6% annually over the last three years and has increased its dividend every year for the last 49 years. Federal Realty Investment Trust has a dividend payout ratio of 67.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Federal Realty Investment Trust to earn $6.20 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 64.5%.

Federal Realty Investment Trust (NYSE:FRT) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.03. Federal Realty Investment Trust had a net margin of 30.40% and a return on equity of 10.91%. The firm had revenue of $217.95 million for the quarter, compared to the consensus estimate of $213.63 million. During the same quarter in the prior year, the company posted $1.41 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis.

FRT has been the topic of several research reports. Citigroup Inc. upped their price objective on shares of Federal Realty Investment Trust from $147.00 to $148.00 and gave the stock a “buy” rating in a report on Monday, August 14th. BidaskClub upgraded shares of Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Bank of America Corporation upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $140.00 to $146.00 in a report on Friday, July 21st. Boenning Scattergood set a $140.00 price objective on shares of Federal Realty Investment Trust and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, Jefferies Group LLC restated a “hold” rating and set a $136.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Federal Realty Investment Trust has a consensus rating of “Buy” and a consensus price target of $140.25.

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In other news, CEO Donald C. Wood sold 21,342 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $130.86, for a total value of $2,792,814.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dawn M. Becker sold 21,814 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the completion of the sale, the executive vice president now owns 145,809 shares of the company’s stock, valued at approximately $19,087,856.19. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,495 shares of company stock valued at $7,538,395. Company insiders own 1.10% of the company’s stock.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

Dividend History for Federal Realty Investment Trust (NYSE:FRT)

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