Federal Realty (FRT) was upgraded to a Hold Rating at UBS
In a report released today, Michael Goldsmith from UBS upgraded Federal Realty to a Hold, with a price target of $118.00.
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Goldsmith covers the Real Estate sector, focusing on stocks such as Mid-America Apartment, Extra Space Storage, and Healthpeak Properties. According to TipRanks, Goldsmith has an average return of 4.3% and a 58.64% success rate on recommended stocks.
In addition to UBS, Federal Realty also received a Hold from Barclays’s Richard Hightower in a report issued on May 12. However, on May 14, Bank of America Securities reiterated 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
Read More on FRT:
Disclaimer & DisclosureReport an Issue
- Federal Realty price target raised to $118 from $103 at UBS
- Federal Realty price target raised to $124 from $115 at JPMorgan
- Federal Realty Buy Rating Reaffirmed as Growth Outlook Improves; $125 Price Target Maintained
- Federal Realty price target raised to $116 from $107 at Barclays
- Federal Realty Shareholders Back Board, Pay and Auditor
