Evercore ISI Group Upgrades Federal Realty Investment: Here's What You Need To Know

Evercore ISI Group upgraded its rating of Federal Realty Investment FRT to Outperform with a price target of $108.00, changing its price target from $104.00 to $108.00.

Shares of Federal Realty Investment are trading up 0.0% over the last 24 hours, at $92.11 per share.

A move to $108.00 would account for a 17.25% increase from the current share price.

About Federal Realty Investment

Federal Realty Investment Trust is a shopping center-focused retail real estate investment trust that owns high-quality properties in eight of the largest metropolitan markets. Its portfolio includes an interest in 102 properties, which includes 25.8 million square feet of retail space and over 3,100 multifamily units. Federal's retail portfolio includes grocery-anchored centers, superregional centers, power centers, and mixed-use urban centers. Federal Realty has focused on owning assets in highly desirable areas with significant growth, and as a result, the average population density and average median household income are higher for its portfolio than for any other retail REIT.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.