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Bank of America Securities Reaffirms Their Buy Rating on Federal Realty (FRT)

Tipranks - Sat May 30, 6:04AM CDT

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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