Seeking Alpha

American Realty Capital slips after downgrade

  • American Realty Capital Properties (ARCP) is off 1% premarket as Ladenburg Thalmann cashes in its chips, downgrading to Neutral from Buy. The stock's had a nice run this year - up 12.8% - but nothing out of line with the rest of the REIT sector. Reaction to last week's plan to spin off ARCP's multi-tenant shopping center unit has been muted thus far.
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