Jim Cramer: Buy Federal Realty, Genworth Financial, and These 2 Stocks
Jim Cramer made the following calls on September 18th, 2013. What do you think about his picks?
Federal Realty Investment Trust (NYSE:FRT): Jim Cramer ranked this stock a Buy. Cramer previously ranked this stock a Buy on June 5, 2013. The stock’s 52-week high is $118.52, and its 52-week low is $94.35. Cramer sat down with Don Wood, the CEO of Federal Realty, who had only good things to say about his shopping center real estate company. Though gains so far this year in the stock’s price have been modest, Wood pointed to the core assets of the company as having gained value due to a systematic replacement of non-paying and bankrupt tenants, as well as to a $500 million program of development to improve the company’s properties. Cramer concluded that Federal Realty was just the type of REIT that he could see himself investing in.