J.P. Morgan Reaffirms Their Buy Rating on Federal Realty (FRT)
J.P. Morgan analyst Michael Mueller maintained a Buy rating on Federal Realty yesterday and set a price target of $124.00. The company’s shares closed yesterday at $114.93.
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Mueller covers the Real Estate sector, focusing on stocks such as Ventas, Eastgroup Properties, and InvenTrust Properties. According to TipRanks, Mueller has an average return of -1.1% and a 48.25% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Federal Realty with a $119.92 average price target, implying a 4.34% upside from current levels. In a report released on May 14, Bank of America Securities also reiterated a Buy rating on the stock with a $125.00 price target.
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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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
