Federal Realty Investment Trust (NYSE:FRT – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $6.70-6.88 for the period, compared to the consensus earnings per share estimate of $6.79.
Analyst Ratings Changes
A number of research firms have issued reports on FRT. Scotiabank increased their target price on Federal Realty Investment Trust from $109.00 to $112.00 and gave the stock a sector outperform rating in a report on Thursday, May 16th. Bank of America boosted their target price on Federal Realty Investment Trust from $118.00 to $124.00 and gave the company a buy rating in a research note on Friday, April 5th. Truist Financial decreased their price target on shares of Federal Realty Investment Trust from $117.00 to $115.00 and set a buy rating for the company in a research note on Monday, May 20th. Deutsche Bank Aktiengesellschaft raised shares of Federal Realty Investment Trust from a hold rating to a buy rating and boosted their price objective for the stock from $109.00 to $110.00 in a research report on Monday, April 22nd. Finally, Mizuho raised their target price on shares of Federal Realty Investment Trust from $101.00 to $104.00 and gave the company a neutral rating in a research report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Federal Realty Investment Trust has an average rating of Moderate Buy and an average target price of $114.00.
View Our Latest Stock Report on FRT
Federal Realty Investment Trust Price Performance
Federal Realty Investment Trust Company Profile
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, DC to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty's mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply.
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