BMO Capital Maintains a Buy Rating on Federal Realty (FRT)

By Ryan Adsit

In a report released yesterday, Jeremy Metz from BMO Capital maintained a Buy rating on Federal Realty (NYSE: FRT), with a price target of $135. The company’s shares closed yesterday at $124.05.

According to TipRanks.com, Metz is a 2-star analyst with an average return of -0.4% and a 50.0% success rate. Metz covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, American Finance Trust Inc, and DCT Industrial Trust Inc.

Currently, the analyst consensus on Federal Realty is a Strong Buy with an average price target of $135, which is an 8.8% upside from current levels. In a report issued on October 16, Scotiabank also initiated coverage with a Buy rating on the stock with a $132 price target.

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The company has a one-year high of $134.52 and a one-year low of $106.41. Currently, Federal Realty has an average volume of 414.1K.

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Federal Realty Investment Trust is an equity real estate investment trust, which engages in the ownership, management, acquisition and redevelopment of high quality retail focus properties. The company was founded by Samuel J. Gorlitz in 1962 and is headquartered in Rockville, MD.