Federal Realty Investment Trust ( NYSE:FRT ) stock appears to offer an attractive investment case at its current levels. This Dividend King, boasting a 56-year dividend growth track record, has seen its shares experience pressure from interest rate hikes. Yet, this retail REIT's quality property portfolio of 102 real estate projects comprising about 26.0 million commercial square feet keeps producing robust results. For this reason, the ongoing share price lag could be offering a decent entry point. Thus, I am bullish on FRT. FRT stock has only gained 5.5% in the past three years.