Tax on High Incomes Not Good for Federal Realty Investment Trust (FRT)
Get Alerts FRT Hot Sheet
Price: $100.34 +0.55%
Rating Summary:
15 Buy, 11 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 11 | New: 43
Rating Summary:
15 Buy, 11 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 11 | New: 43
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Imperial Capital maintained an In-Line rating on Federal Realty Investment Trust (NYSE: FRT) with a price target of $105.00.
"FRT continues to produce strong operational performance from its urban shopping centers located in higher income areas. Trading at a substantive premium to its nearest comparable companies, we regard the stock as fair-fully valued," said analyst David Harris.
He thinks it is likely that taxes on higher income households will rise and this might curb discretionary spending.
"While not so vulnerable as malls to a pressure on discretionary spending, such a development would not be a positive for FRT, in our view," said Harris.
For an analyst ratings summary and ratings history on Federal Realty Investment Trust click here. For more ratings news on Federal Realty Investment Trust click here.
Shares of Federal Realty Investment Trust closed at $104.49 yesterday.
"FRT continues to produce strong operational performance from its urban shopping centers located in higher income areas. Trading at a substantive premium to its nearest comparable companies, we regard the stock as fair-fully valued," said analyst David Harris.
He thinks it is likely that taxes on higher income households will rise and this might curb discretionary spending.
"While not so vulnerable as malls to a pressure on discretionary spending, such a development would not be a positive for FRT, in our view," said Harris.
For an analyst ratings summary and ratings history on Federal Realty Investment Trust click here. For more ratings news on Federal Realty Investment Trust click here.
Shares of Federal Realty Investment Trust closed at $104.49 yesterday.
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