Stifel analyst Simon Yarmak raised the firm’s price target on Federal Realty (FRT) to $110 from $109 and keeps a Hold rating on the shares. Federal Realty Trust announced a number of recent transactions and development updates as part of their ongoing capital allocation strategy, including the completion of its acquisition of both Town Center Plaza and Town Center Crossing in Leawood, Kansas for $289M in total, the analyst tells investors in a research note.
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Read More on FRT:
- Federal Realty provides update on capital allocation strategy and transactions
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- Federal Realty initiated with an Overweight at Barclays
- Federal Realty downgraded to Neutral from Overweight at JPMorgan
- Federal Realty price target lowered to $103 from $118 at UBS