Federal Realty Investment Trust with ticker code (FRT) have now 16 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 145 and 125 with a mean TP of 135.63. With the stocks previous close at 115.22 this indicates there is a potential upside of 17.7%. The day 50 moving average is 119.86 and the 200 moving average now moves to 123.03. The market capitalisation for the company is $9,373m. You can visit the company’s website by visiting: https://www.federalrealty.com
The potential market cap would be $11,034m based on the market concensus.
Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles. Founded in 1962, Federal Realty’s mission is to deliver long-term, sustainable growth through investing in communities where retail demand exceeds supply. Its expertise includes creating urban, mixed-use neighborhoods like Santana Row in San Jose, California, Pike & Rose in North Bethesda, Maryland and Assembly Row in Somerville, Massachusetts. These unique and vibrant environments that combine shopping, dining, living and working provide a destination experience valued by their respective communities. Federal Realty’s 106 properties include approximately 3,100 tenants, in 25 million square feet, and approximately 3,200 residential units. Federal Realty has increased its quarterly dividends to its shareholders for 54 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P 500 index member and its shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.federalrealty.com.
