In a report issued on May 5, Derek Johnston from Deutsche Bank maintained a Buy rating on Federal Realty (FRT – Research Report), with a price target of $143.00. The company’s shares closed last Friday at $115.14.
According to TipRanks.com, Johnston is a 4-star analyst with an average return of 14.0% and a 51.6% success rate. Johnston covers the Financial sector, focusing on stocks such as Independence Realty, Equity Residential, and Medical Properties.
Currently, the analyst consensus on Federal Realty is a Moderate Buy with an average price target of $135.64, which is a 16.1% upside from current levels. In a report issued on May 5, BMO Capital also maintained a Buy rating on the stock with a $145.00 price target.
The company has a one-year high of $140.51 and a one-year low of $109.89. Currently, Federal Realty has an average volume of 480.1K.
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Federal Realty Investment Trust is an equity real estate investment trust, which engages in the ownership, management and redevelopment of high quality retail focus properties. The company was founded by Samuel J. Gorlitz in 1962 and is headquartered in Rockville, MD.
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