FBR Capital Reiterates an 'Outperform' on CapLease (LSE); Slight 2Q11 Estimate Change
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Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 7
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FBR Capital reiterates an 'Outperform' on CapLease (NYSE: LSE), PT $7.
FBR analyst says, "We are lowering our 2Q11 FFO estimate to $0.15 from $0.16. The decline can be primarily attributable to a higher cash balance in 2Q11 from CapLease's $16 million sale of two first-mortgage loans subsequent to 1Q11. Our 2011 "core" FFO estimate of $0.66 compares to management's guidance of $0.65–$0.70. Our 2012 FFO estimate of $0.75/share is unchanged."
For more ratings news on CapLease click here and for the rating history of CapLease click here.
Shares of CapLease closed at $4.95 yesterday.
FBR analyst says, "We are lowering our 2Q11 FFO estimate to $0.15 from $0.16. The decline can be primarily attributable to a higher cash balance in 2Q11 from CapLease's $16 million sale of two first-mortgage loans subsequent to 1Q11. Our 2011 "core" FFO estimate of $0.66 compares to management's guidance of $0.65–$0.70. Our 2012 FFO estimate of $0.75/share is unchanged."
For more ratings news on CapLease click here and for the rating history of CapLease click here.
Shares of CapLease closed at $4.95 yesterday.
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