Piper Sandler reiterates Federal Realty stock rating on upside
Piper Sandler reiterated an Overweight rating and $149.00 price target for Federal Realty Investment Trust (FRT), citing its conservative underwriting and annual rent increases. The firm noted strong retail fundamentals and oversold stock conditions. FRT shares have fallen 17% since July 28, 2026, and offer a 4.37% dividend yield. The company reported Q2 2026 earnings of $0.97 per share, exceeding estimates, and acquired a retail asset in Birmingham for $508 million.




