Federal Realty Investment Trust (FRT) to Issue Quarterly Dividend of $1.08 on October 17th

Federal Realty Investment Trust (NYSE:FRTGet Rating) announced a quarterly dividend on Thursday, August 4th, RTT News reports. Investors of record on Thursday, September 22nd will be paid a dividend of 1.08 per share by the real estate investment trust on Monday, October 17th. This represents a $4.32 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Wednesday, September 21st. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.07.

Federal Realty Investment Trust has a payout ratio of 160.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Federal Realty Investment Trust to earn $6.33 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 67.6%.

Federal Realty Investment Trust Trading Up 0.7 %

NYSE:FRT opened at $105.75 on Friday. Federal Realty Investment Trust has a one year low of $92.02 and a one year high of $140.51. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.50 and a current ratio of 1.65. The firm has a market cap of $8.40 billion, a P/E ratio of 30.56, a P/E/G ratio of 2.94 and a beta of 1.13. The firm has a 50-day simple moving average of $101.50 and a 200-day simple moving average of $113.18.

Federal Realty Investment Trust (NYSE:FRTGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.63 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.81). Federal Realty Investment Trust had a net margin of 27.46% and a return on equity of 11.05%. The business had revenue of $256.80 million during the quarter, compared to the consensus estimate of $249.13 million. During the same quarter in the prior year, the firm posted $1.17 EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. Equities analysts anticipate that Federal Realty Investment Trust will post 6.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director David W. Faeder bought 10,565 shares of the company’s stock in a transaction on Tuesday, June 21st. The shares were bought at an average price of $95.84 per share, with a total value of $1,012,549.60. Following the transaction, the director now owns 23,878 shares in the company, valued at $2,288,467.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Trading of Federal Realty Investment Trust

Several large investors have recently made changes to their positions in FRT. RB Capital Management LLC purchased a new stake in shares of Federal Realty Investment Trust in the 1st quarter valued at $272,000. American Century Companies Inc. boosted its holdings in shares of Federal Realty Investment Trust by 119.6% in the 1st quarter. American Century Companies Inc. now owns 19,465 shares of the real estate investment trust’s stock valued at $2,376,000 after acquiring an additional 10,601 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Federal Realty Investment Trust by 25.4% in the 1st quarter. MetLife Investment Management LLC now owns 19,396 shares of the real estate investment trust’s stock valued at $2,368,000 after acquiring an additional 3,929 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Federal Realty Investment Trust by 3.9% in the 1st quarter. Panagora Asset Management Inc. now owns 5,123 shares of the real estate investment trust’s stock valued at $625,000 after purchasing an additional 193 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Federal Realty Investment Trust by 7.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,467 shares of the real estate investment trust’s stock valued at $1,156,000 after purchasing an additional 679 shares during the period. 86.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FRT has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Federal Realty Investment Trust from $143.00 to $121.00 in a report on Monday, July 11th. UBS Group reduced their price target on shares of Federal Realty Investment Trust from $126.00 to $108.00 and set a “neutral” rating for the company in a report on Monday, July 25th. Raymond James upgraded shares of Federal Realty Investment Trust from a “market perform” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a research note on Thursday, May 12th. Credit Suisse Group initiated coverage on shares of Federal Realty Investment Trust in a research note on Wednesday, June 22nd. They set a “neutral” rating and a $104.00 price objective for the company. Finally, Truist Financial reduced their price objective on shares of Federal Realty Investment Trust from $128.00 to $125.00 in a research note on Friday, June 3rd. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.29.

About Federal Realty Investment Trust

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Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.

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

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