Federal Realty (FRT) Gets a Buy from Wells Fargo
Wells Fargo analyst Cooper Clark maintained a Buy rating on Federal Realty today and set a price target of $113.00.
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According to TipRanks, Clark is an analyst with an average return of -3.5% and a 25.00% success rate. Clark covers the Real Estate sector, focusing on stocks such as Kimco Realty, Regency Centers, and Sunstone Hotel.
In addition to Wells Fargo, Federal Realty also received a Buy from BMO Capital’s Juan C. Sanabria in a report issued on December 1. However, on December 11, Stifel Nicolaus maintained a Hold rating on Federal Realty (NYSE: FRT).
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
Read More on FRT:
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- Federal Realty price target raised to $109 from $105 at Truist
- Federal Realty announces acquisition of Village Pointe for $153.3M
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- Federal Realty downgraded to Equal Weight from Overweight at Barclays
- Federal Realty price target raised to $113 from $108 at BofA
