Federal Realty Investment Trust (FRT) To Go Ex-Dividend on October 1st

Federal Realty Investment Trust (NYSE:FRT) declared a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Investors of record on Tuesday, October 1st will be given a dividend of 1.10 per share by the real estate investment trust on Tuesday, October 15th. This represents a $4.40 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Tuesday, October 1st. This is a positive change from Federal Realty Investment Trust’s previous quarterly dividend of $1.09.

Federal Realty Investment Trust has increased its dividend payment by an average of 5.9% annually over the last three years and has increased its dividend annually for the last 58 consecutive years. Federal Realty Investment Trust has a payout ratio of 146.7% 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 $7.15 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 61.5%.

Federal Realty Investment Trust Trading Up 0.7 %

Federal Realty Investment Trust stock opened at $114.38 on Friday. Federal Realty Investment Trust has a 1 year low of $85.59 and a 1 year high of $118.34. The firm’s 50 day moving average price is $113.61 and its 200-day moving average price is $105.60. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market cap of $9.49 billion, a P/E ratio of 40.70, a PEG ratio of 2.16 and a beta of 1.24.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.36). Federal Realty Investment Trust had a net margin of 24.69% and a return on equity of 10.07%. The company had revenue of $295.80 million during the quarter, compared to the consensus estimate of $293.61 million. During the same quarter in the prior year, the firm posted $1.67 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts predict that Federal Realty Investment Trust will post 6.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on FRT. Evercore ISI increased their price target on Federal Realty Investment Trust from $120.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Piper Sandler raised their target price on shares of Federal Realty Investment Trust from $122.00 to $135.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Citigroup raised shares of Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $120.00 to $135.00 in a research note on Friday, September 13th. Wells Fargo & Company lifted their price objective on shares of Federal Realty Investment Trust from $115.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Finally, Scotiabank upped their target price on shares of Federal Realty Investment Trust from $112.00 to $120.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $122.85.

Insider Buying and Selling at Federal Realty Investment Trust

In related news, CEO Donald C. Wood sold 30,292 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at approximately $771,020.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Donald C. Wood sold 30,292 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $116.17, for a total transaction of $3,519,021.64. Following the completion of the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Donald C. Wood sold 5,937 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $116.47, for a total transaction of $691,482.39. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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 communities where retail demand exceeds supply.