Federal Realty Investment Trust (NYSE:FRT) declared a quarterly dividend on Wednesday, August 1st, Zacks reports. Shareholders of record on Friday, September 21st will be paid a dividend of 1.02 per share by the real estate investment trust on Monday, October 15th. This represents a $4.08 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, September 20th. This is an increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.00.

Federal Realty Investment Trust has raised its dividend payment by an average of 7.1% per year over the last three years and has raised its dividend every year for the last 50 years. Federal Realty Investment Trust has a dividend payout ratio of 65.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Federal Realty Investment Trust to earn $6.46 per share next year, which means the company should continue to be able to cover its $4.08 annual dividend with an expected future payout ratio of 63.2%.

NYSE FRT traded down $1.81 on Friday, hitting $129.61. 345,624 shares of the stock traded hands, compared to its average volume of 334,203. Federal Realty Investment Trust has a 12 month low of $106.41 and a 12 month high of $134.52. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 3.52 and a beta of 0.18. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.49.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, August 1st. The real estate investment trust reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. Federal Realty Investment Trust had a return on equity of 12.76% and a net margin of 31.64%. The business had revenue of $224.90 million during the quarter, compared to analyst estimates of $223.56 million. During the same period in the prior year, the company earned $1.49 earnings per share. Federal Realty Investment Trust’s revenue was up 8.1% compared to the same quarter last year. analysts forecast that Federal Realty Investment Trust will post 6.19 EPS for the current year.

Several brokerages have weighed in on FRT. Jefferies Financial Group reissued a “hold” rating and set a $128.00 price objective on shares of Federal Realty Investment Trust in a report on Wednesday, August 15th. Deutsche Bank increased their price objective on Federal Realty Investment Trust from $133.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, August 28th. ValuEngine raised Federal Realty Investment Trust from a “sell” rating to a “hold” rating in a report on Friday, June 22nd. Citigroup raised their price target on Federal Realty Investment Trust from $142.00 to $144.00 and gave the stock a “buy” rating in a report on Monday, August 20th. Finally, DA Davidson raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating in a report on Monday, June 25th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Federal Realty Investment Trust has an average rating of “Buy” and an average target price of $137.54.

About Federal Realty Investment Trust

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 densely populated, affluent communities where retail demand exceeds supply.

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

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