DJ Federal Realty Investment Trust Stock Rises Friday, Still Underperforms Market
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Shares of Federal Realty Investment Trust $(FRT)$ inched 0.45% higher to $115.00 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.01% to 5,648.40 and the Dow Jones Industrial Average rising 0.55% to 41,563.08.
The stock's rise snapped a four-day losing streak.
Federal Realty Investment Trust closed $2.02 short of its 52-week high ($117.02), which the company achieved on August 26th.
The stock underperformed when compared to some of its competitors Friday, as Realty Income Corp. (O) rose 1.16% to $62.11, Kimco Realty Corp. $(KIM)$ rose 1.09% to $23.26, and Regency Centers Corp. $(REG.AU)$ rose 1.42% to $72.69.
Trading volume (717,796) eclipsed its 50-day average volume of 562,998.
Data source: Dow Jones Market Data, FactSet. Data compiled August 30, 2024.
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(END) Dow Jones Newswires
August 30, 2024 17:21 ET (21:21 GMT)
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