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Evercore ISI Reaffirms Their Hold Rating on Federal Realty (FRT)

Tipranks - Tipranks - Sat Feb 14, 9:06AM CST

Evercore ISI analyst Steve Sakwa maintained a Hold rating on Federal Realty today and set a price target of $105.00.

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Sakwa covers the Real Estate sector, focusing on stocks such as Rexford Industrial Realty, BXP, and COPT Defense Properties. According to TipRanks, Sakwa has an average return of 0.2% and a 50.61% success rate on recommended stocks.

In addition to Evercore ISI, Federal Realty also received a Hold from Truist Financial’s Michael Lewis in a report issued today. However, on the same day, Scotiabank maintained a Buy rating on Federal Realty (NYSE: FRT).

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Based on Federal Realty’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $322.86 million and a net profit of $61.65 million. In comparison, last year the company earned a revenue of $303.63 million and had a net profit of $60.95 million

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