Federal Realty Investment Stock To Go Ex-dividend Tomorrow (FRT)

NEW YORK ( TheStreet) -- The ex-dividend date for Federal Realty Investment (NYSE: FRT) is tomorrow, June 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 69 cents per share. At a price of $100.93 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Federal Realty Investment has been 402,700 shares per day over the past 30 days. Federal Realty Investment has a market cap of $6.37 billion and is part of the financial sector and real estate industry. Shares are up 9.8% year to date as of the close of trading on Monday.

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 50.3, above the average real estate industry P/E ratio of 43.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Federal Realty Investment as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, good cash flow from operations and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Federal Realty Investment Ratings Report.

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