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

NEW YORK ( TheStreet) -- Federal Realty Investment (NYSE: FRT) hit a new 52-week high Tuesday as it is currently trading at $98.76, above its previous 52-week high of $98.61 with 279,584 shares traded as of 3:59 p.m. ET. Average volume has been 462,500 shares over the past 30 days.

Federal Realty Investment has a market cap of $6.15 billion and is part of the financial sector and real estate industry. Shares are up 7.1% 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 49.3, above the average real estate industry P/E ratio of 42.2 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 revenue growth, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Federal Realty Investment Ratings Report.

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