Scotiabank analyst Greg McGinnis lowered the firm’s price target on Federal Realty to $109 from $110 and keeps an Outperform rating on the shares. The analyst says that while leasing remains strong, headwinds from prior period rent collection and bad debt impacts are impacting the company’s earnings growth.
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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
