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

Tipranks - Tue Feb 24, 4:20AM CST

Bank of America Securities analyst Samir Khanal reiterated a Buy rating on Federal Realty today and set a price target of $121.00.

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According to TipRanks, Khanal is an analyst with an average return of -0.4% and a 56.12% success rate. Khanal covers the Real Estate sector, focusing on stocks such as Americold Realty, Cubesmart, and Prologis.

In addition to Bank of America Securities, Federal Realty also received a Buy from Piper Sandler’s Alexander Goldfarb in a report issued on February 17. However, on the same day, Evercore ISI maintained a Hold rating on Federal Realty (NYSE: FRT).

Based on Federal Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $336.05 million and a net profit of $129.74 million. In comparison, last year the company earned a revenue of $311.44 million and had a net profit of $65.54 million

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