Federal Realty Investment Trust (NYSE:FRT) declared a quarterly dividend on Wednesday, November 1st, RTT News reports. Investors of record on Tuesday, January 2nd will be given a dividend of 1.00 per share by the real estate investment trust on Tuesday, January 16th. This represents a $4.00 dividend on an annualized basis and a yield of 3.32%.

Federal Realty Investment Trust has increased its dividend by an average of 8.6% per year over the last three years and has increased its dividend every year for the last 49 years. Federal Realty Investment Trust has a payout ratio of 67.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Federal Realty Investment Trust to earn $6.20 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 64.5%.

Federal Realty Investment Trust (NYSE:FRT) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $1.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.03. Federal Realty Investment Trust had a return on equity of 10.91% and a net margin of 30.40%. The company had revenue of $217.95 million for the quarter, compared to analyst estimates of $213.63 million. During the same quarter in the previous year, the company earned $1.41 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year.

A number of equities research analysts have weighed in on FRT shares. Bank of America Corporation raised Federal Realty Investment Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $146.00 in a report on Friday, July 21st. BidaskClub raised Federal Realty Investment Trust from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $136.00 price objective on shares of Federal Realty Investment Trust in a report on Tuesday, July 25th. Boenning Scattergood set a $140.00 price objective on Federal Realty Investment Trust and gave the company a “buy” rating in a report on Friday, August 4th. Finally, Evercore ISI lowered Federal Realty Investment Trust from an “in-line” rating to an “underperform” rating and set a $128.00 price objective on the stock. in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $140.25.

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In related news, EVP Dawn M. Becker sold 21,814 shares of Federal Realty Investment Trust stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $130.91, for a total transaction of $2,855,670.74. Following the completion of the transaction, the executive vice president now directly owns 145,809 shares in the company, valued at approximately $19,087,856.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Donald C. Wood sold 21,342 shares of Federal Realty Investment Trust stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $130.86, for a total value of $2,792,814.12. The disclosure for this sale can be found here. Insiders have sold a total of 57,495 shares of company stock valued at $7,538,395 over the last 90 days. Insiders own 1.10% of the company’s stock.

Federal Realty Investment Trust Company Profile

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in the ownership, management and redevelopment of retail and mixed-use properties located primarily in affluent communities in selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California and South Florida.

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

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