Federal Realty Investment Trust (NYSE:FRT) to Issue Quarterly Dividend of $1.13

Federal Realty Investment Trust (NYSE:FRT) announced a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Shareholders of record on Wednesday, October 1st will be paid a dividend of 1.13 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a 2.7% increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.10.

Federal Realty Investment Trust has a dividend payout ratio of 137.5% indicating that 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 $4.40 annual dividend with an expected future payout ratio of 59.3%.

Federal Realty Investment Trust Price Performance

Shares of FRT stock opened at $99.46 on Monday. Federal Realty Investment Trust has a 12 month low of $80.65 and a 12 month high of $118.09. The company has a market capitalization of $8.58 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 3.80 and a beta of 1.16. The firm’s 50-day moving average is $97.13 and its two-hundred day moving average is $95.55. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.14 and a quick ratio of 2.14.

Federal Realty Investment Trust (NYSE:FRT) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.18. The company had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%.The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.69 earnings per share. Analysts predict that Federal Realty Investment Trust will post 7.15 earnings per share for the current year.

Federal Realty Investment Trust Company Profile

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.