Federal Realty (FRT) Achieves 58 Years of Dividend Increases with 4.4% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Dividend Stability: Federal Realty (FRT) has achieved 58 consecutive years of dividend increases, making it the only 'Dividend King' in the REIT sector, with a yield of 4.4% that significantly surpasses the S&P 500's 1.1% and the REIT average of 3.9%, providing a reliable income source for investors.
- Asset Management Strategy: FRT focuses on a high-quality portfolio, owning approximately 100 strip malls and mixed-use properties located in affluent areas, enhancing property value through ongoing capital investments to ensure long-term stable cash flow.
- Market Performance: FRT currently has a market cap of $8.9 billion, with stock prices fluctuating between $101.14 and $103.86, and a daily trading volume of 927,000 shares, indicating its active presence and investor interest in the market.
- Industry Comparison: While AGNC Investment boasts a high yield of 12.5%, its dividends are highly volatile and have been on a steady decline, making FRT's stability a more suitable choice for investors relying on dividend income.
Analyst Views on FRT
Wall Street analysts forecast FRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FRT is 110.55 USD with a low forecast of 105.00 USD and a high forecast of 120.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 101.800
Low
105.00
Averages
110.55
High
120.00
Current: 101.800
Low
105.00
Averages
110.55
High
120.00
About FRT
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 communities in the Northeast and Mid-Atlantic regions of the United States, California, and South Florida. Its portfolio includes retail in many formats, ranging from regional, community and neighborhood shopping centers that are often anchored by grocery stores to mixed-use properties that are centered around a retail component but also include office, residential and/or hotel components. The Company’s 102 properties include approximately 3,500 tenants in 27 million commercial square feet, and approximately 3,100 residential units. Its portfolio includes Assembly Square, Andorra Shopping Center, Assembly Row, and Bala Cynwyd On City Avenue.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
