In a report released today, Juan C. Sanabria from BMO Capital maintained a Buy rating on Federal Realty, with a price target of $110.00.
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Juan C. Sanabria has given his Buy rating due to a combination of factors including Federal Realty’s strong financial performance and strategic initiatives. The company reported a significant year-over-year increase in Funds From Operations (FFO), surpassing both consensus and internal estimates, which highlights its robust operational efficiency.
Furthermore, Federal Realty has raised its full-year guidance, reflecting confidence in its growth trajectory. The company’s strategic shift towards new markets through acquisitions is expected to drive further earnings growth. Additionally, the planned asset sales and acquisitions indicate a proactive approach to capital management, which positions the company favorably in the market.
C. Sanabria covers the Real Estate sector, focusing on stocks such as Simon Property, Global Medical REIT, and Public Storage. According to TipRanks, C. Sanabria has an average return of 0.2% and a 47.06% success rate on recommended stocks.
In another report released on July 31, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $104.00 price target.