FBR Capital Markets Downgrades Cole Real Estate Investments to Market Perform (COLE)
Cole Real Estate Investments (NASDAQ:COLE) was downgraded by FBR Capital Markets from an “outperform” rating to a “market perform” rating in a research note issued on Friday, Analyst Ratings Network.com reports. They currently have a $14.00 price objective on the stock. FBR Capital Markets’ target price would suggest a potential upside of 0.86% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Cole Real Estate Investments from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 2nd. They now have a $15.10 price target on the stock. Analysts at Ladenburg Thalmann raised their price target on shares of Cole Real Estate Investments from $15.00 to $17.50 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock.
Cole Real Estate Investments (NASDAQ:COLE) opened at 13.88 on Friday. Cole Real Estate Investments has a 52 week low of $9.85 and a 52 week high of $14.68. The stock’s 50-day moving average is $14.01 and its 200-day moving average is $12.50. The company has a market cap of $6.515 billion and a price-to-earnings ratio of 30.67.
Cole Real Estate Investments (NASDAQ:COLE) last released its earnings data on Tuesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.13. The company had revenue of $366.60 million for the quarter, compared to the consensus estimate of $156.89 million. Analysts expect that Cole Real Estate Investments will post $0.29 EPS for the current fiscal year.
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