Federal Realty Investment Trust (FRT) Plans $1.00 Quarterly Dividend

Federal Realty Investment Trust (NYSE:FRT) declared a quarterly dividend on Tuesday, February 13th, RTT News reports. Investors of record on Wednesday, March 14th will be given a dividend of 1.00 per share by the real estate investment trust on Monday, April 16th. This represents a $4.00 annualized dividend and a yield of 3.63%.

Federal Realty Investment Trust has increased its dividend payment by an average of 7.1% per year over the last three years and has increased its dividend every year for the last 50 years. Federal Realty Investment Trust has a payout ratio of 67.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Federal Realty Investment Trust to earn $6.17 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 64.8%.

Federal Realty Investment Trust (NYSE FRT) traded up $0.02 during mid-day trading on Tuesday, reaching $110.26. 602,561 shares of the company traded hands, compared to its average volume of 559,709. The firm has a market capitalization of $7,973.63, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 2.97 and a beta of 0.23. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.27. Federal Realty Investment Trust has a 1-year low of $106.64 and a 1-year high of $143.79.

Several equities analysts recently issued reports on FRT shares. UBS Group upgraded shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and boosted their target price for the company from $131.00 to $141.00 in a report on Thursday, November 9th. Boenning Scattergood restated a “buy” rating and issued a $140.00 target price on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Mizuho restated a “buy” rating and issued a $142.00 target price on shares of Federal Realty Investment Trust in a report on Friday, November 3rd. Stifel Nicolaus began coverage on shares of Federal Realty Investment Trust in a report on Thursday, November 30th. They issued a “buy” rating and a $144.00 target price on the stock. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $142.00 price target on shares of Federal Realty Investment Trust in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the stock. Federal Realty Investment Trust currently has a consensus rating of “Buy” and a consensus target price of $140.83.

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Federal Realty Investment Trust Company Profile

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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