Chart of the Day - Federal Realty Investment Trust (FRT)

The "Chart of the Day" is Federal Realty Investment Trust (FRT), which showed up on Thursday's Barchart "All Time High" list. Federal Realty on Thursday rallied to a new all-time high of $110.20 and closed +1.11%. TrendSpotter just turned long on Tuesday at $108.99. In recent news on the stock, Federal Realty on Aug 1 reported Q2 funds from operation at $1.04, right on the consensus, and raised its quarterly dividend for the 45th consecutive year by 5.8% to 73 cents. Federal Realty Investment Trust, with a market cap of $7 billion, is a real estate investment trust (REIT) that focuses on community and neighborhood shopping centers that are anchored by supermarkets, drug stores or high volume, value oriented retailers that provide consumer necessities.