Samir Khanal, an analyst from Bank of America Securities, reiterated the Buy rating on Federal Realty. The associated price target is $108.00.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Samir Khanal has given his Buy rating due to a combination of factors that highlight Federal Realty’s strategic positioning and growth potential. The recent acquisition of Town Center Plaza and Crossing in Kansas City, located in one of the area’s most affluent communities, underscores FRT’s ability to make strategic investments that promise sustained growth. The median household income around these assets is notably higher than both FRT’s portfolio average and the broader shopping center REIT universe, indicating a strong consumer base.
Furthermore, early leasing activities at these properties show promising potential, with significant renewal and remerchandising spreads expected. The Leawood submarket, characterized by its affluence and unmet retail demand, presents a lucrative opportunity for FRT. The company’s track record of enhancing net operating income through strategic leasing and investment, combined with a Community Improvement District partnership to fund capital improvements, supports a positive outlook for growth into 2026. These factors collectively justify the Buy rating, with a price objective of $108.00 USD.
Khanal covers the Real Estate sector, focusing on stocks such as Prologis, National Storage Affiliates, and Federal Realty. According to TipRanks, Khanal has an average return of -3.4% and a 46.75% success rate on recommended stocks.
In another report released today, Barclays also maintained a Buy rating on the stock with a $113.00 price target.