Is Federal Realty a Buy Below $100
Federal Realty (NYSE: FRT) stands out from the real estate investment trust (REIT) pack in one very important way. It has increased its dividend annually for 57 consecutive years. That's the longest dividend streak of any publicly traded REIT. Is it worth buying the stock while it is below $100?
Federal Realty is largely a retail landlord owning strip malls and mixed-use developments. The mixed-use assets it owns are retail-heavy but also include offices and apartment buildings. This provides a little diversification to the company's portfolio, but retail is still the main driver of performance.
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Source Fool.com
