Federal Realty Investment Trust (NYSE:FRT – Get Free Report) declared a quarterly dividend on Friday, May 1st. Investors of record on Wednesday, July 1st will be paid a dividend of 1.13 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, July 1st.
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 every year for the last 58 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 analysts expect Federal Realty Investment Trust to earn $7.80 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 57.9%.
Federal Realty Investment Trust Stock Performance
NYSE:FRT traded up $4.27 during midday trading on Friday, reaching $115.17. 1,832,817 shares of the company traded hands, compared to its average volume of 856,709. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 4.84 and a beta of 0.98. The company has a fifty day moving average price of $107.88 and a 200 day moving average price of $102.89. Federal Realty Investment Trust has a twelve month low of $89.99 and a twelve month high of $115.32. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.67 and a quick ratio of 1.67.
About Federal Realty Investment Trust
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.
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