Mizuho analyst Haendel St. Juste lowered the firm’s price target on Federal Realty to $113 from $115 and keeps a Buy rating on the shares. Shopping center real estate investment trusts posted strong Q4 earnings, but fiscal 2023 guidance outlooks are generally weak despite the recent leasing momentum, the analyst tells investors in a research note. The firm sees a lack of near-term catalysts for the group.
Published first on TheFly
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- Federal Realty price target lowered to $127 from $129 at Barclays
- Federal Realty price target raised to $120 from $110 at Credit Suisse
- Federal Realty reports Q4 FFO $1.58, consensus $1.57
- Federal Realty Investment Trust Announces Operating Results for the Year and Quarter Ended December 31, 2022
- Federal Realty upgraded to Buy from Neutral at Compass Point
