Barclays Raises Estimates on Winthrop Realty Trust (FUR); Expecting Capital To Be Put To Work
Tweet Send to a FriendGet Alerts FUR Hot Sheet
Price: $12.99 -0.15%
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade FUR Now!
Barclays maintains an 'Equalweight' on Winthrop Realty Trust (NYSE: FUR) price target of $11.00.
Analyst, Ross L. Smotrich, said, "Following a $78 million preferred equity deal during 1Q12, FUR has ample liquidity ($80 million of cash and an undrawn $50 million credit facility) to continue putting capital to work. The company also expects to have over $85 million of repayments and asset sales through year-end that should create additional liquidity for reinvestments."
Barclays raises FY12 FFO from $1.12 to $1.43 and FY13 from $1.26 to $1.50.
For an analyst ratings summary and ratings history on Winthrop Realty Trust click here. For more ratings news on Winthrop Realty Trust click here.
Shares of Winthrop Realty Trust closed at $10.47 yesterday, with a 52 week range of $8.05-$12.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Ross L. Smotrich, said, "Following a $78 million preferred equity deal during 1Q12, FUR has ample liquidity ($80 million of cash and an undrawn $50 million credit facility) to continue putting capital to work. The company also expects to have over $85 million of repayments and asset sales through year-end that should create additional liquidity for reinvestments."
Barclays raises FY12 FFO from $1.12 to $1.43 and FY13 from $1.26 to $1.50.
For an analyst ratings summary and ratings history on Winthrop Realty Trust click here. For more ratings news on Winthrop Realty Trust click here.
Shares of Winthrop Realty Trust closed at $10.47 yesterday, with a 52 week range of $8.05-$12.30.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
- Dollar Tree (DLTR) Beats But Looks Stretched - Jefferies
- Needham & Company Boosts Numbers on Infoblox (BLOX) on Strong Q3
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Barclays
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
