Federal Realty Investment (FRT) Hits New Lifetime High Today

Trade-Ideas LLC identified Federal Realty Investment (FRT) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Federal Realty Investment

(

FRT

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Federal Realty Investment as such a stock due to the following factors:

  • FRT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $60.9 million.
  • FRT has traded 3,762 shares today.
  • FRT is trading at a new lifetime high.

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More details on FRT:

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 stock currently has a dividend yield of 2.3%. FRT has a PE ratio of 69. Currently there are 4 analysts that rate Federal Realty Investment a buy, 1 analyst rates it a sell, and 10 rate it a hold.

The average volume for Federal Realty Investment has been 335,400 shares per day over the past 30 days. Federal Realty Investment has a market cap of $11.8 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.28 and a short float of 3.2% with 4.08 days to cover. Shares are up 13.4% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant 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, impressive record of earnings per share growth, compelling growth in net income, revenue growth and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

Highlights from the ratings report include:

  • Powered by its strong earnings growth of 64.17% and other important driving factors, this stock has surged by 29.24% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • FEDERAL REALTY INVESTMENT TR reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, FEDERAL REALTY INVESTMENT TR increased its bottom line by earning $3.03 versus $2.42 in the prior year. This year, the market expects an improvement in earnings ($3.32 versus $3.03).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 66.6% when compared to the same quarter one year prior, rising from $46.19 million to $76.96 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 11.9%. Since the same quarter one year prior, revenues slightly increased by 7.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Net operating cash flow has increased to $100.51 million or 22.59% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 11.47%.

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