Federal Realty Investment Trust (NYSE:FRT) Declares Dividend Increase – $1.16 Per Share

Federal Realty Investment Trust (NYSE:FRT) declared a quarterly dividend on Friday, July 31st. Shareholders of record on Thursday, October 1st will be given a dividend of 1.16 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Thursday, October 1st. This is a 2.7% increase from Federal Realty Investment Trust’s previous quarterly dividend of $1.13.

Federal Realty Investment Trust has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 58 consecutive years. Federal Realty Investment Trust has a dividend payout ratio of 141.2% 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 $7.91 per share next year, which means the company should continue to be able to cover its $4.52 annual dividend with an expected future payout ratio of 57.1%.

Federal Realty Investment Trust Stock Performance

Federal Realty Investment Trust stock opened at $124.18 on Friday. Federal Realty Investment Trust has a fifty-two week low of $89.99 and a fifty-two week high of $128.21. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.95 and a beta of 0.93. The stock has a fifty day moving average of $122.83 and a two-hundred day moving average of $112.94. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.64 and a current ratio of 1.64.

Institutional Investors Weigh In On Federal Realty Investment Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in Federal Realty Investment Trust during the 4th quarter worth approximately $25,000. Turning Point Benefit Group Inc. lifted its holdings in shares of Federal Realty Investment Trust by 1,853.8% during the 4th quarter. Turning Point Benefit Group Inc. now owns 254 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 241 shares in the last quarter. Private Trust Co. NA increased its holdings in Federal Realty Investment Trust by 937.5% in the 4th quarter. Private Trust Co. NA now owns 332 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares in the last quarter. Advisory Services Network LLC purchased a new position in Federal Realty Investment Trust in the third quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of Federal Realty Investment Trust by 72.4% in the first quarter. SJS Investment Consulting Inc. now owns 362 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 152 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust (NYSE: FRT) is a real estate investment trust specializing in the ownership, management, and redevelopment of high-quality retail, restaurant, and mixed-use properties. With a strategic focus on open-air shopping centers and lifestyle-oriented urban destinations, the company partners with leading national and regional retailers to curate environments that blend shopping, dining, entertainment, office, and residential uses. Its asset management capabilities extend from initial site selection and development through ongoing property operations and tenant relations.

Federal Realty’s portfolio comprises approximately 100 properties totaling more than 25 million square feet of gross leasable area.