Federal Realty Investment Trust (NYSE:FRT – Get Free Report) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Wednesday, April 1st will be paid a dividend of 1.13 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, April 1st.
Federal Realty Investment Trust has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 58 years. Federal Realty Investment Trust has a payout ratio of 141.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $4.52 annual dividend with an expected future payout ratio of 60.9%.
Federal Realty Investment Trust Price Performance
FRT opened at $102.79 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.57. The stock has a market capitalization of $8.87 billion, a P/E ratio of 22.01, a PEG ratio of 4.51 and a beta of 0.99. The stock has a 50-day moving average price of $105.14 and a 200-day moving average price of $101.28. Federal Realty Investment Trust has a 12-month low of $80.65 and a 12-month high of $110.89.
Hedge Funds Weigh In On Federal Realty Investment Trust
A number of large investors have recently bought and sold shares of the stock. Park Square Financial Group LLC bought a new position in shares of Federal Realty Investment Trust in the fourth quarter worth approximately $25,000. Turning Point Benefit Group Inc. boosted its position in Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 241 shares during the period. True Wealth Design LLC boosted its position in Federal Realty Investment Trust by 88.7% during the 4th quarter. True Wealth Design LLC now owns 268 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 126 shares during the period. Private Trust Co. NA grew its holdings in Federal Realty Investment Trust by 937.5% in the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Federal Realty Investment Trust in the 3rd quarter worth $35,000. 93.86% of the stock is owned by hedge funds and other institutional investors.
About Federal Realty Investment Trust
Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.
Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.
Recommended Stories
Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.
