Federal Realty Investment Trust (FRT) to Distribute Quarterly Dividend of $1.13 on July 15th

Federal Realty Investment Trust (NYSE:FRT) declared a quarterly dividend on Friday, May 1st. Investors of record on Wednesday, July 1st will be paid a dividend of 1.13 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, July 1st.

Federal Realty Investment Trust has increased its dividend payment by an average of 0.0%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 141.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Federal Realty Investment Trust to earn $7.88 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 57.4%.

Federal Realty Investment Trust Stock Up 0.1%

Shares of NYSE FRT opened at $125.19 on Monday. Federal Realty Investment Trust has a 1 year low of $89.99 and a 1 year high of $126.41. The firm’s 50 day moving average price is $117.91 and its 200 day moving average price is $109.02. The firm has a market cap of $10.81 billion, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 2.98 and a beta of 0.94. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64.

Analyst Ratings Changes

A number of brokerages have weighed in on FRT. Evercore set a $110.00 price target on Federal Realty Investment Trust in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft upgraded Federal Realty Investment Trust from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Friday, May 29th. Scotiabank raised their price target on Federal Realty Investment Trust from $118.00 to $128.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Barclays upped their price objective on shares of Federal Realty Investment Trust from $116.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company boosted their target price on shares of Federal Realty Investment Trust from $120.00 to $129.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Federal Realty Investment Trust has a consensus rating of “Moderate Buy” and a consensus target price of $123.21.

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.