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

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) declared a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Shareholders 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 4.21%. The ex-dividend date of this dividend is Tuesday, April 1st.

Federal Realty Investment Trust has raised its dividend payment by an average of 0.9% annually over the last three years and has raised its dividend annually for the last 58 consecutive years. Federal Realty Investment Trust has a payout ratio of 141.0% indicating that 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 Stock Performance

NYSE FRT traded down $0.51 on Tuesday, hitting $104.53. The stock had a trading volume of 239,925 shares, compared to its average volume of 707,650. Federal Realty Investment Trust has a one year low of $95.97 and a one year high of $118.34. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.48. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 30.40, a P/E/G ratio of 2.34 and a beta of 1.24. The company's 50-day moving average is $108.88 and its two-hundred day moving average is $112.07.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last posted its earnings results on Thursday, February 13th. The real estate investment trust reported $1.73 EPS for the quarter, hitting 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%. The firm had revenue of $311.44 million during the quarter, compared to analysts' expectations of $311.85 million. On average, analysts expect that Federal Realty Investment Trust will post 6.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Scotiabank upped their price target on shares of Federal Realty Investment Trust from $119.00 to $126.00 and gave the stock a "sector outperform" rating in a research note on Monday, November 25th. Stifel Nicolaus reduced their price target on shares of Federal Realty Investment Trust from $115.75 to $115.00 and set a "hold" rating for the company in a research note on Friday. JPMorgan Chase & Co. raised shares of Federal Realty Investment Trust from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $122.00 to $125.00 in a research note on Friday, December 20th. Wells Fargo & Company reduced their price target on shares of Federal Realty Investment Trust from $126.00 to $125.00 and set an "overweight" rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com raised shares of Federal Realty Investment Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $123.46.

About Federal Realty Investment Trust

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.