Federal Realty price target raised to $109.50 from $104.50 at Stifel

Stifel analyst Simon Yarmak raised the firm’s price target on Federal Realty (FRT) to $109.50 from $104.50 and keeps a Hold rating on the shares. The firm said it adjusted estimates following Federal Realty’s announcement that it sold Pallas at Pike & Rose and Bristol Plaza for a combined $170M. The deal adds to a busy year, as the company announced earlier this month that it had acquired Village Pointe, which even followed a July announcement that it had completed its acquisition of both Town Center Plaza and Town Center Crossing in Leawood, Kansas, the analyst tells investors in a research note.