UBS Adjusts Price Target and Estimates on Excel Trust (EXL); Shares Look Fairly Valued

UBS maintains a 'Neutral' on Excel Trust (NYSE: EXL) price target raised $1 to $12.50.

UBS analyst said, "We're lowering 2012E FFOPS to $0.72 from $0.82, driven primarily by higher expected G&A, higher transaction expenses, higher preferred dividend expense (partially offset by lower interest expense), and a slightly higher share count. Management’s 2012 FFOPS guidance is $0.67-0.75...We're lowering 2013E FFOPS by $0.01 to $0.89."

For an analyst ratings summary and ratings history on Excel Trust click here. For more ratings news on Excel Trust click here.

Shares of Excel Trust closed at $12.42 yesterday.

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