Wells Fargo Downgrades CapLease (LSE) to Market Perform

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January 16, 2013 8:22 AM EST
Get Alerts LSE Hot Sheet
Price: $5.40 +5.68%

Rating Summary:
    1 Buy, 4 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 14 | New: 11
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Wells Fargo downgraded CapLease (NYSE: LSE) from Outperform to Market Perform.

The firm comments, "LSE outperformed the overall REIT group generating a 46% total return versus the RMS at +18%. As a result, the shares now trade just below the high end of our $5.50-6.00 per share valuation. With limited total return upside potential to our valuation range, we view a more neutral stance as warranted at this time and recommend investors hold the shares for the 2nd highest dividend yield in the subsector (5.2%)."

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

Shares of CapLease closed at $5.73 yesterday.

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