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TheStreet Wire

Federal Realty Investment Stock Hits New 52-Week High (FRT)

By TheStreet Wire 06/29/12 - 10:25 AM EDT

Find out if (FRT) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Federal Realty Investment (NYSE:FRT) hit a new 52-week high Friday as it is currently trading at $103.30, above its previous 52-week high of $102.64 with 23,003 shares traded as of 10 a.m. ET. Average volume has been 391,400 shares over the past 30 days.

Federal Realty Investment has a market cap of $6.45 billion and is part of the financial sector and real estate industry. Shares are up 11.2% year to date as of the close of trading on Thursday.

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 51, above the average real estate industry P/E ratio of 44.3 and above the S&P 500 P/E ratio of 17.7.

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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.

See all 52-week high stocks or get investment ideas from our investment research center.

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