As previously reported, Wells Fargo upgraded Federal Realty to Overweight from Equal Weight with a price target of $112, up from $110. The firm cites the company’s 2024/2025 FFO/share and AFFO/share expected to outpace peers, muted tenant credit risk, redevelopments contributing NOI, occupancy/ABR gains supporting earnings growth, and valuation catalysts.
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Read More on FRT:
- Federal Realty price target lowered to $101 from $104 at Mizuho
- Federal Realty price target raised to $118 from $117 at BofA
- Federal Realty sees FY24 FFO $6.65-$6.87
- Federal Realty reports Q4 FFO $1.64, consensus $1.64
- Federal Realty Investment Trust Announces Operating Results for the Year and Quarter Ended December 31, 2023
