Barclays raised the firm’s price target on Federal Realty to $120 from $119 and keeps an Overweight rating on the shares. The analyst says shopping center real estate investment trusts used the recent opening of the debt capital markets to issue new debt at rates generally in the mid 5% range, slightly lower than what would have been expected a couple of months ago.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FRT:
- Federal Realty upgraded to Buy from Hold at Truist
- Federal Realty price target raised to $104 from $98 at Mizuho
- Despite 56 Years of Dividend Growth, FRT Stock is Overrated
- Federal Realty price target raised to $111 from $93 at Jefferies
- Federal Realty price target raised to $122 from $116 at Piper Sandler
