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Federal Realty (FRT) was upgraded to a Hold Rating at UBS

Tipranks - Tue May 19, 8:28AM CDT

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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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

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