2 weeks Ago By ABMN Staff
Federal Realty Investment Trust ( NYSE:FRT – Get Free Report ) declared a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Shareholders 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 boost from Federal Realty Investment Trust’s previous quarterly dividend of $1.09.
Federal Realty Investment Trust has raised 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 dividend payout ratio of 146.
7% 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 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 % Shares of NYSE FRT opened at $114.38 on Monday. The company has a current ratio of 1.
74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.57.
The stock has a market capitalization of $9.49 billion, a PE ratio of 40.70, a PEG ratio of 2.
16 and a beta of 1.24. Federal Realty Investment Trust has a twelve month low of $85.
59 and a twelve month high of $118.34. The stock has a fifty day simple moving average of $113.
61 and a 200-day simple moving average of $105.67. Analyst Ratings Changes FRT has been the topic of several recent research reports.
Evercore ISI upped their target price on shares of Federal Realty Investment Trust from $120.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th.
Compass Point upped their price objective on Federal Realty Investment Trust from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th.
JPMorgan Chase & Co. lifted their target price on Federal Realty Investment Trust from $112.00 to $121.
00 and gave the company a “neutral” rating in a report on Thursday, August 8th. Wells Fargo & Company boosted their target price on 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, Citigroup raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $120.00 to $135.
00 in a research report on Friday, September 13th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.
com, Federal Realty Investment Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.85. Get Our Latest Stock Report on Federal Realty Investment Trust Insider Buying and Selling at Federal Realty Investment Trust In related news, 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 transaction was disclosed in a document filed with the SEC, which is available at this link . In other news, CEO Donald C.
Wood sold 5,937 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $116.47, for a total value of $691,482.
39. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, CEO Donald C.
Wood sold 30,292 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $116.17, for a total value of $3,519,021.
64. Following the sale, the chief executive officer now directly owns 6,637 shares of the company’s stock, valued at $771,020.29.
The disclosure for this sale can be found here . 1.00% of the stock is currently owned by company insiders.
Federal Realty Investment Trust Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Federal Realty Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Realty Investment Trust and related companies with MarketBeat.
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