Federal Realty Investment Trust (NYSE:FRT) Announces Dividend Increase - $1.13 Per Share

Key Points

• Federal Realty Investment Trust announced a quarterly dividend increase to $1.13 per share, up from $1.10, with an ex-dividend date of October 1st.
• The company's payout ratio is 137.5%, indicating that it currently relies on its balance sheet to cover dividends, although future earnings are expected to improve this to a 59.3% payout ratio.
• In its most recent quarter, the trust reported earnings of $1.91 per share, exceeding estimates, while its revenue increased by 5.2% year-over-year.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) declared a quarterly dividend on Thursday, August 7th, Wall Street Journal reports. Stockholders of record on Wednesday, October 1st will be given a dividend of 1.13 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a 2.7% increase from Federal Realty Investment Trust's previous quarterly dividend of $1.10.

Federal Realty Investment Trust has a payout ratio of 137.5% meaning 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 $7.42 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 59.3%.

Federal Realty Investment Trust Price Performance

Shares of NYSE FRT traded down $1.04 during midday trading on Friday, hitting $91.32. The stock had a trading volume of 1,020,558 shares, compared to its average volume of 849,377. The company has a market capitalization of $7.88 billion, a PE ratio of 23.12, a P/E/G ratio of 3.65 and a beta of 1.14. The stock has a 50 day simple moving average of $94.70 and a 200-day simple moving average of $97.31. Federal Realty Investment Trust has a 1 year low of $80.65 and a 1 year high of $118.34. The company has a quick ratio of 1.72, a current ratio of 2.14 and a debt-to-equity ratio of 1.42.

Federal Realty Investment Trust (NYSE:FRT - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.18. The business had revenue of $302.48 million for the quarter, compared to the consensus estimate of $309.25 million. Federal Realty Investment Trust had a return on equity of 11.19% and a net margin of 28.01%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 earnings per share. On average, sell-side analysts expect that Federal Realty Investment Trust will post 7.15 EPS for the current fiscal year.

About Federal Realty Investment Trust

Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD.