FBR Capital Markets rates Cole Real Estate Investments as outperform
The publication covered FBR’s analysis and discussed the REIT’s perks in today’s environment:
We are initiating coverage of Cole Real Estate Investments with an Outperform rating and a 12-month price target of $14.
We think Cole is a high-quality net-lease real-estate investment trust (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.