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Federal Realty (FRT) Receives a Hold from Evercore ISI

Tipranks - Fri Jun 12, 7:24PM CDT

Evercore ISI analyst Steve Sakwa maintained a Hold rating on Federal Realty on June 8 and set a price target of $120.00. The company’s shares closed yesterday at $122.10.

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Sakwa covers the Real Estate sector, focusing on stocks such as Essex Property, Equity Residential, and Douglas Emmett. According to TipRanks, Sakwa has an average return of 1.5% and a 55.76% 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 on June 8. However, on June 1, Mizuho Securities upgraded Federal Realty (NYSE: FRT) to a Buy.

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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