Barclays Raises Estimates on Winthrop Realty Trust (FUR); Expecting Capital To Be Put To Work
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Price: $9.33 --0%
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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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.
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.
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