Excel Trust Downgraded to Sell at TheStreet (EXL)
Excel Trust (NYSE:EXL) was downgraded by equities researchers at TheStreet from a “hold” rating to a “sell” rating in a research report issued on Thursday, Analyst Ratings Network reports.
The analysts wrote, “Excel (EXL) has been downgraded by TheStreet Ratings from hold to sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James cut their price target on shares of Excel Trust from $16.00 to $14.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Analysts at Barclays cut their price target on shares of Excel Trust from $14.00 to $13.00 in a research note to investors on Tuesday, October 22nd. They now have an “equal weight” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.38.
Excel Trust (NYSE:EXL) last announced its earnings results on Thursday, November 7th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.03. During the same quarter in the prior year, the company posted $0.21 earnings per share.
Excel Trust, Inc is a vertically integrated, self-administered, self-managed real estate investment trust (NYSE:EXL).
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