NEW YORK ( TheStreet) -- The ex-dividend date for Federal Realty Investment (NYSE: FRT) is tomorrow, December 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $91.58 as of 12:50 p.m. ET, the dividend yield is 3%. The average volume for Federal Realty Investment has been 564,800 shares per day over the past 30 days. Federal Realty Investment has a market cap of $5.79 billion and is part of the financial sector and real estate industry. Shares are up 18.6% year to date as of the close of trading on Tuesday. Federal Realty Investment Trust operates as a real estate investment trust, which engages in the ownership, management, development, and redevelopment of retail and mixed-use properties. The company has a P/E ratio of 44.6, above the average real estate industry P/E ratio of 39.3 and above the S&P 500 P/E ratio of 17.7.
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