Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

UPDATE: FBR Capital Markets Initiates Coverage on Cole Real Estate on Multiple Positive Factors

Share:

In a report published Friday, FBR Capital Markets analyst Daniel Altscher initiated coverage on Cole Real Estate Investments (NYSE: COLE) with an Outperform rating and $14.00 price target.

In the report, FBR Capital Markets noted, “We think Cole is a high-quality net-lease REIT that is trading at a discounted valuation relative to peers. Near-term catalysts (some of which are in process) for the stock include index inclusion/institutional buying, the shift from retail to institutional shareholders, additional sell-side coverage, and downside support from an in-place share buyback authorization. Beyond these catalysts, we think that as the company achieves an investment-grade rating and continues to grow its real estate portfolio, the valuation gap versus other high-quality peers should narrow. Cole's private capital management business also provides business line diversification and another avenue of earnings growth that should propel the stock higher. Given Cole's two distinct business lines—real estate investment and private capital management—we believe a sum-of-the-parts valuation methodology is most appropriate.”

Cole Real Estate Investments closed on Thursday at $12.26.

Latest Ratings for COLE

DateFirmActionFromTo
Oct 2013DowngradesMarket OutperformMarket Perform
Oct 2013Initiates Coverage onOutperform
Aug 2013Initiates Coverage onMarket Outperform

View More Analyst Ratings for COLE
View the Latest Analyst Ratings

Posted-In: Daniel Altscher FBR Capital MarketsAnalyst Color Initiation Analyst Ratings

 

Related Articles (COLE)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
ORCLMaintains59.0
ORCLMaintains61.0
FDXMaintains200.0
ORCLMaintains59.0
ACNMaintains186.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Crude Futures Remain Positive

UPDATE: Baird Downgrades Align Technology on Valuation Call