|Day's Range||125.52 - 127.48|
|52 Week Range||121.73 - 171.08|
|PE Ratio (TTM)||39.67|
|Dividend & Yield||3.92 (3.10%)|
|1y Target Est||N/A|
Federal Realty Investment Trust plans to spend $3.2 million rehabilitating the outdated Barcroft Plaza shopping center in Falls Church. The plan calls for new facades, an improvement to the standalone building at the corner of Columbia Pike and Lincolnia Road that houses Bank of America, and a better connection between the Harris Teeter-anchored strip mall and a neighboring retail strip that until recently had a separate owner. Federal acquired the neighboring retail piece at 6464 Lincolnia Road, which has Super Pollo and 7-Eleven as tenants, among others, back in November.
Federal Realty's (FRT) portfolio of premium retail assets, diverse tenant base and anchor repositioning efforts prove conducive to growth. However, rising online sales has become a pressing concern.
The S&P 500 continues to notch new highs this week, but not all stocks are rallying.