This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

J.P. Morgan Reaffirms Their Buy Rating on Federal Realty (FRT)

Tipranks - Wed May 20, 7:40AM CDT

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.

Meet Samuel – Your Personal Investing Prophet

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

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.