** Shares of Peet Ltd PPC.AX rise 2.7% to A$1.540, their highest point since January 20

** The real estate developer posts HY statutory profit of A$25.2 million ($16 million), up 63% from last year

** Co declares interim dividend of 2.75 Australian cents per share versus 1.50 Australian cents last year

** Says it is targeting FY25 NPAT of A$50 million to A$55 million

** About 417,049 shares change hands, 5.3x times the 30-day average of 78,846 shares

** Stock up 5.8% YTD, including moves in day's session

($1 = 1.5751 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))