Scotiabank analyst Nicholas McGinnis lowered the firm’s price target on Federal Realty (FRT) to $117 from $126 and keeps an Outperform rating on the shares. The firm is providing updated thoughts on the recent NYC Office sale comparables and commercial mortgage-backed securities, CMBS, issuance, which has led to changes to the ratings of the U.S. Real Estate & REITs in its coverage, the analyst tells investors.
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Read More on FRT:
- Federal Realty acquires Del Monte Shopping Center for $123.5M
- Federal Realty price target lowered to $107 from $119 at Mizuho
- Federal Realty price target raised to $114 from $113 at Truist
- Federal Realty price target lowered at Raymond James, says selloff overdone
- Federal Realty Reports Strong Growth Amid Challenges
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