BofA analyst Samir Khanal raised the firm’s price target on Federal Realty (FRT) to $113 from $108 and keeps a Buy rating on the shares. While stock performance did not reflect it, Q3 earnings season was “strong” for U.S. REITs as 69% of REITs beat the Street, the analyst tells investors in a note on the group.
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Read More on FRT:
- Federal Realty’s Record Leasing and Growth Outlook
- Federal Realty price target lowered to $105 from $106 at Evercore ISI
- Federal Realty’s Strong Financial Performance and Strategic Initiatives Justify Buy Rating
- Federal Realty reports Q3 FFO $1.77, consensus $1.76
- Federal Realty narrows FY25 FFO view to $7.20-$7.26 from $7.16-$7.26