Shares of Federal Realty Investment Trust (NYSE:FRT) traded today at $122.49, eclipsing its 52-week high. This new high was reached on below average trading volume as 136,000 shares traded hands, while the average 30-day volume is approximately 628,000 shares.
Over the past year, Federal Realty Investment Trust has traded in a range of $67.01 to $122.49 and is now at $122.31, 83% above that low.
Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 101 properties, which includes 23.4 million square feet of retail space and over 2,600 multifamily units. Federal’s retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers.
There is potential upside of 4.4% for shares of Federal Realty Investment Trust based on a current price of $122.31 and an average consensus analyst price target of $127.66.
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