Scotiabank raised the firm’s price target on Federal Realty to $112 from $109 and keeps an Outperform rating on the shares. The firm reviewed several key themes from the recent Q1 results and adjusted estimates, the analyst tells investors. U.S. REITS continue to screen historically cheap to the S&P 600, and the firm remains positive on Seniors Housing, Data Centers, and Industrial.
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Read More on FRT:
- Federal Realty narrows 2024 FFO view to $6.67-$6.87 from $6.65-$6.87
- Federal Realty reports Q1 FFO $1.64, consensus $1.65
- Federal Realty Investment Trust Announces First Quarter 2024 Operating Results
- Federal Realty upgraded to Buy from Hold at Deutsche Bank
- Federal Realty Stock (NYSE:FRT): This Dividend King Is Now Attractive
