Federal Realty Investment Trust (FRT) is a real estate company with a market cap of $8.3 billion, owning and operating retail-based properties in major coastal markets. Despite underperforming the market in the past year, FRT reported Q2 results exceeding expectations, with funds from operations at $1.91 per share.

Analysts predict FRT’s FFO to grow by 5.9% this fiscal year, with a mixed history of meeting or exceeding estimates. The stock has a “Moderate Buy” consensus rating from 18 analysts, with a mean price target of $107.50 representing an 11.2% premium over current levels.

Evercore ISI analyst Steve Sakwa reaffirmed an “Outperform” rating on FRT with a price target of $107, a 1.8% reduction from the previous target. The Street-high price target of $115 suggests an 18.9% upside potential from current levels.

Read more at Yahoo Finance: Are Wall Street Analysts Bullish on Federal Realty Stock?