Bank of America Securities reaffirmed a Buy on Federal Realty Investment Trust (NYSE:FRT) and nudged its target to $131 as the REIT doubles down on tech, naming Paige Pitcher SVP, Digital Innovation to lead applied AI across leasing, operations and investments effective July 1, 2026.
Previous Week Recap
- Bank Of America Maintains Buy, FRT PT Up: Bank of America Securities kept a Buy on Federal Realty Investment Trust (FRT) and raised its price target to $131 from $128, updating its valuation while keeping the buy recommendation.
- Federal Realty Appoints SVP Paige Pitcher: Federal Realty (FRT) named Paige Pitcher SVP, Digital Innovation effective July 1, 2026. She reports to CEO Don Wood and will lead applied AI and tech across leasing, operations and investments.
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