Seeking Alpha

Cole initiated a Buy at FBR Capital

  • Near-term catalysts include the recently gone-public's stock inclusion in several indexes, the shift from retail to institutional shareholders, additional sell-side coverage, and downside support thanks to the share buyback authorization.
  • Additionally, says FBR, the valuation gap between COLE and its net-lease brethren should narrow as the company gets an investment-grade rating and continues to grow its portfolio. There's also Cole's private capital-management business, which offers diversification and a growing earnings stream.
  • The company's focus on secondary markets - thus not going up against the big boys - has consistently allowed it to buy properties at better-than-market cap rates ... "the team must remain disciplined in the assets that it buys."
Comments (1)
  • baywatch6
    , contributor
    Comment (1) | Send Message
     
    I started buying Cole over 10 years ago way before it went public.
    All the interest earned went back into buying more shares at $10.00.
    Now owning more than 3300 shares, I'm very pleased seeing it's price per share increase (since going public) and it's high dividend
    yield of 6.80%. This is one of the best investments in my diverse portfolio! I believe it has a lot more room to grow.
    4 Oct 2013, 03:56 PM Reply Like
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