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Barclays Keeps Their Hold Rating on Federal Realty (FRT)

Tipranks - Wed May 13, 4:12AM CDT

Barclays analyst Richard Hightower maintained a Hold rating on Federal Realty today and set a price target of $116.00.

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According to TipRanks, Hightower is an analyst with an average return of -0.5% and a 49.76% success rate. Hightower covers the Real Estate sector, focusing on stocks such as AvalonBay, Equity Residential, and Kimco Realty.

In addition to Barclays, Federal Realty also received a Hold from Citi’s Nicholas Joseph in a report issued on May 5. However, on May 4, Scotiabank maintained a Buy rating on Federal Realty (NYSE: FRT).

Based on Federal Realty’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $341.08 million and a net profit of $159.1 million. In comparison, last year the company earned a revenue of $309.15 million and had a net profit of $63.77 million

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