Evercore ISI Sticks to Their Hold Rating for Federal Realty (FRT)
Evercore ISI analyst Steve Sakwa maintained a Hold rating on Federal Realty yesterday and set a price target of $105.00. The company’s shares closed yesterday at $97.63.
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Sakwa covers the Real Estate sector, focusing on stocks such as AvalonBay, Equity Residential, and Macerich. According to TipRanks, Sakwa has an average return of 0.1% and a 48.53% success rate on recommended stocks.
Currently, the analyst consensus on Federal Realty is a Moderate Buy with an average price target of $109.81, which is a 12.48% upside from current levels. In a report released on November 5, J.P. Morgan also maintained a Hold rating on the stock with a $107.00 price target.
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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Disclaimer & DisclosureReport an Issue
- Federal Realty’s Record Leasing and Growth Outlook
- Federal Realty price target lowered to $105 from $106 at Evercore ISI
- Federal Realty’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating
- Federal Realty reports Q3 FFO $1.77, consensus $1.76
- Federal Realty narrows FY25 FFO view to $7.20-$7.26 from $7.16-$7.26
