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3 Top Dividend Stocks to Buy in September
The Motley Fool· 2024-09-07 09:55
Group 1: Federal Realty Investment Trust (FRT) - Federal Realty is recognized as the only REIT Dividend King, boasting 57 consecutive annual dividend increases, the longest streak in the REIT sector [3][4] - The company manages a portfolio of around 100 well-located strip malls and mixed-use assets, actively buying and selling properties to enhance value [5] - The dividend yield stands at 3.8%, which is above the market average, reflecting the premium investors are willing to pay for its reliability [6] Group 2: Realty Income (O) - Realty Income offers a higher yield of 5%, significantly above the average REIT yield of 3.9% [7] - With a market capitalization of approximately $54 billion, Realty Income is a dominant player in the net lease niche, providing it with advantageous access to capital markets [8] - The company has maintained a 29-year streak of dividend increases, supported by a globally diversified portfolio [8] Group 3: Toronto-Dominion Bank (TD) - Toronto-Dominion Bank is currently facing regulatory challenges in the U.S. due to weaknesses in money laundering controls, leading to a projected fine of around $3 billion [9] - Despite these challenges, TD Bank has a strong foundation in Canada, where heavy regulation protects it from competition, and it has a historical track record of paying dividends since 1857 [10] - The bank's yield has risen to a historically high 5%, providing a compelling opportunity for long-term investors willing to wait for recovery [10] Group 4: General Dividend Investing Insights - The current market yield is around 1.3%, but there are still opportunities for finding high-yield dividend stocks like Federal Realty, Realty Income, and Toronto-Dominion Bank [1][11]
Federal Realty Investment Trust Announces Third Quarter 2024 Earnings Release Date and Conference Call Information
Prnewswire· 2024-09-05 20:30
NORTH BETHESDA, Md., Sept. 5, 2024 /PRNewswire/ -- Federal Realty Investment Trust (NYSE:FRT) will announce third quarter 2024 earnings in a press release to be issued after market close on Wednesday, October 30, 2024. The Company will host a conference call on Wednesday, October 30 at 5:00 PM ET. Investor Inquiries: Media Inquiries: Leah Andress Brady Brenda Pomar Vice President, Investor Relations Senior Director, Corporate Communications 301.998.8265 301.998.8316 [email protected] [email protected] Event ...
Federal Realty: Collect Up To 6% Yield From This Dividend King
Seeking Alpha· 2024-09-01 12:10
1 l - i t T 11 1 H 1 H T F I Moussa81 Quality matters when it comes to picking stocks, and as Buffett once said, "it's better to own a wonderful company at a fair price than a fair company at a wonderful price." This is especially true when it comes to REITs that have stood the test of time. This, in turn, saves time on part of the investor in that they can focus their time on more productive things, rather than fretting about what impact a recession may have on their holdings. This brings me to Federal Rea ...
Federal Realty Investment: Provides Stability But Underwhelming Growth (Downgrade)
Seeking Alpha· 2024-08-29 15:22
Richard Drury Overview In anticipation of interest rate cuts, I've been searching for opportunities within the real estate sector to capitalize. Federal Realty Investment Trust (NYSE:FRT) operates as a REIT that maintains a diverse portfolio of mainly retail based tenants across the US. As a dividend investor, I was also looking for a REIT that offered stability in dividend payouts and a reasonable level of growth over its history. FRT is the only REIT that has achieved dividend king status, with over 55 ye ...
Federal Realty Stock Up 18.2% in 3 Months: Will It Continue to Rise?
ZACKS· 2024-08-27 15:50
Core Viewpoint - Federal Realty Investment Trust (FRT) has shown strong performance with an 18.2% stock price increase over the past three months, outperforming the industry growth of 14.4% [1] Financial Performance - For Q2 2024, FRT reported funds from operations (FFO) per share of $1.69, exceeding the Zacks Consensus Estimate of $1.68, driven by healthy leasing activity and revenue growth [1] - The company raised its 2024 FFO per share guidance to a range of $6.70-$6.88 from the previous $6.67-$6.87, with the current Zacks Consensus Estimate at $6.81 [2] Portfolio and Growth Strategy - Federal Realty's portfolio includes premium retail assets in major coastal markets, contributing to its growth potential, with 124 leases signed for 600,669 square feet of retail space in Q2 2024 [2] - The company has acquired two assets totaling 880,000 square feet for $275 million and sold assets in Santa Monica for $103 million to optimize its portfolio [3] Diversification and Development - Federal Realty is diversifying its portfolio by exploring residential and office properties, as well as mixed-use developments, which are increasingly popular [4] Financial Stability - The company maintains a strong balance sheet with $1.3 billion in total liquidity and no debt maturities until 2026, ensuring financial stability [5] Dividend Policy - Federal Realty has a long-standing commitment to dividend payouts, marking 57 consecutive years of common dividend increases, supported by solid operating performance and balance sheet strength [6]
History Says This 3.9%-Yielding Stock Will Pay You a Bigger Dividend Next Year Even if There's a Recession
The Motley Fool· 2024-08-24 12:18
This real estate investment trust is designed for steady growth and has an unmatched dividend track record. There are only a few dozen stocks that have increased their dividends for more than 50 consecutive years, and only one real estate investment trust is a member of this exclusive club. Shopping center developer and manager Federal Realty Investment Trust (FRT 1.77%) has by far the longest streak of dividend increases in its sector, and one of the most impressive in the entire stock market. With that in ...
Federal Realty's (FRT) Q2 FFO & Revenues Beat, Dividend Hiked
ZACKS· 2024-08-02 16:15
Core Viewpoint - Federal Realty Investment Trust (FRT) reported strong second-quarter 2024 results, with funds from operations (FFO) per share of $1.69, exceeding estimates and reflecting healthy leasing activity and revenue growth [1][2]. Financial Performance - FRT's quarterly revenues reached $296.1 million, surpassing the consensus estimate of $292.9 million and showing a 5.5% increase from the previous year [2]. - The FFO per share increased by 1.2% from $1.67 in the same quarter last year [1]. Leasing Activity - In the reported quarter, FRT signed 124 leases for 600,669 square feet of retail space, with an average rent of $37.72 per square foot, indicating cash-basis rollover growth of 10% and 23% on a straight-line basis [2]. - The portfolio occupancy rate rose by 30 basis points year over year to 93.1%, with a leasing rate of 95.3%, up 100 basis points from the previous year [3]. Operational Metrics - Comparable property operating income grew by 2.9% in the second quarter, excluding lease termination fees and prior-period rents [4]. - FRT ended the quarter with cash and cash equivalents of $103.2 million, an increase from $95.9 million at the end of the first quarter [4]. Portfolio Activity - In April 2024, FRT acquired a 10% non-controlling interest in the partnership owning CocoWalk for $12.4 million, bringing its ownership to 100% [5]. - In May 2024, FRT purchased the Virginia Gateway community center for $215 million, expanding its regional presence [5]. - FRT sold residual assets on Third Street Promenade for $103 million in June 2024, resulting in a gain of $52 million [6]. Dividend Announcement - FRT announced a quarterly cash dividend of $1.10 per share, an increase from $1.09, marking the 57th consecutive year of dividend increases [7]. - The new dividend reflects an annual rate of $4.40 per share, payable on October 15 to shareholders of record as of October 1, 2024 [7]. Guidance - FRT revised its 2024 FFO per share guidance to a range of $6.70-$6.88, up from the previous range of $6.67-$6.87, aligning with the Zacks Consensus Estimate of $6.80 [8].
Federal Realty Investment Trust (FRT) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-08-01 23:00
For the quarter ended June 2024, Federal Realty Investment Trust (FRT) reported revenue of $296.05 million, up 5.5% over the same period last year. EPS came in at $1.69, compared to $0.72 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $292.91 million, representing a surprise of +1.07%. The company delivered an EPS surprise of +0.60%, with the consensus EPS estimate being $1.68. While investors closely watch year-over-year changes in headline numbers -- revenue and ...
Federal Realty Investment Trust (FRT) Q2 FFO and Revenues Beat Estimates
ZACKS· 2024-08-01 22:15
Federal Realty Investment Trust (FRT) came out with quarterly funds from operations (FFO) of $1.69 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to FFO of $1.67 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 0.60%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.65 per share when it actually produced FFO of $1.64, delivering a surprise of -0.61%. Over ...
Gear Up for Federal Realty Investment Trust (FRT) Q2 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2024-07-31 14:21
Core Insights - The consensus EPS estimate for the upcoming quarter has been revised downward by 0.2% over the past 30 days, indicating a collective reassessment by analysts [1] - Analysts predict that Federal Realty Investment Trust (FRT) will report quarterly earnings of $1.68 per share, reflecting a 0.6% increase year-over-year, with revenues expected to reach $292.91 million, a 4.4% increase from the previous year [6] Revenue Estimates - The consensus estimate for 'Revenue- Rental income' is projected at $290.24 million, representing a year-over-year increase of 3.5% [3] - 'Revenue- Rental income- Percentage rents' is expected to be $4.47 million, indicating a 2.3% increase year-over-year [4] - 'Revenue- Rental income- Other' is anticipated to be $13.27 million, suggesting a decline of 7.1% year-over-year [9] - The estimate for 'Revenue- Rental income- Cost reimbursement' stands at $55.60 million, reflecting an 8.6% increase year-over-year [10] Depreciation and Amortization - Analysts estimate 'Depreciation and amortization' to be $83.70 million, compared to $78.97 million from the previous year [5] Market Performance - Federal Realty Investment Trust shares have shown a return of 12.7% over the past month, contrasting with a -0.4% change in the Zacks S&P 500 composite [5] - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [5] Importance of Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions to the stock, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [7]