Bank of America Securities Reaffirms Their Buy Rating on Federal Realty (FRT)
In a report released today, Samir Khanal from Bank of America Securities reiterated a Buy rating on Federal Realty, with a price target of $128.00.
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Khanal covers the Real Estate sector, focusing on stocks such as Prologis, Federal Realty, and Tanger. According to TipRanks, Khanal has an average return of 1.9% and a 62.28% success rate on recommended stocks.
In addition to Bank of America Securities, Federal Realty also received a Buy from Deutsche Bank ‘s Omotayo Okusanya in a report issued today. However, on May 27, Barclays maintained a Hold 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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- Federal Realty price target raised to $128 from $125 at BofA
- Federal Realty upgraded to Buy from Hold at Deutsche Bank
- Federal Realty price target raised to $120 from $116 at Barclays
- Federal Realty price target raised to $129 from $120 at Wells Fargo
- Federal Realty Reaffirmed at Buy as Sanabria Sees Compelling Valuation and 5%–7.5% FFO Growth Despite Price Target Cut to $120
