Key facts
- Truist raised Federal Realty Investment Trust's price target to $112.
- Truist reiterated a 'buy' rating on Federal Realty Investment Trust.
- The price target increase was driven by higher funds from operations estimates.
Truist analyst David Chiaverini has increased the price target for Federal Realty Investment Trust (FRT) from $107 to $112. This adjustment is based on the firm's revised estimates for higher funds from operations (FFO). Concurrently, Truist has reiterated its 'buy' rating on the real estate investment trust.