Recent Purchase: Federal Realty Investment Trust

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About: Federal Realty Investment Trust (FRT)
by: Nicholas Ward
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Nicholas Ward
Long only, long-term horizon, dividend investing, value
Summary

I recently initiated a position in FRT at $127.90.

I've been wanting to increase my exposure to real estate and a recent dip in FRT shares gave me an opportunity to buy shares near my fair value estimate.

I don't think that FRT is a screaming bargain here, by any means, but it is a dividend aristocrat and I feel comfortable holding shares for the long term.

Last week, I wrote a piece about my decision to trim my overweight United Parcel Services (UPS) position due to concerns of significant disruption and potential secular headwinds arising in the logistics space.