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Top 6 Stocks to Buy for June

In a somewhat overbought market, it is important to concentrate on stocks that offer unusual value

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Top Stock to Buy #3 – Federal Realty Investment Trust (FRT)

Federal Realty Investment Trust (NYSE:FRT) is a real estate investment trust (REIT) that owns, manages and develops shopping centers and street retail properties located in the Northeast, Mid-Atlantic and California. At the end of 2012, it had over 2,400 leases.

Earnings have increased at a steady pace. The company earned $3.90 in 2010, $4.02 in 2011, $4.31 in 2012, and is expected to earn $4.59 in 2013 and $4.78 in 2014. The stock has a dividend yield of 2.6%, and S&P’s 12-month target is $128.

The stock recently fell from a triple-top at $118, but reversed on a Collins-Bollinger Reversal (CBR) buy signal (our proprietary indicator) on May 24, at just above its breakout at $110. This pullback and reversal gives investors an opportunity to buy this quality REIT at a price that could provide a total annual return of more than 16%.

FRT chart
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Trade of the Day Chart Key 

Article printed from InvestorPlace Media, http://investorplace.com/2013/05/top-stocks-to-buy-aeis-bmo-frt-gild-omc-pfe/.

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