Keybanc (KEY) Analysts Initiate Coverage on First Union Real Est (FUR)
Monday, July 18, 2021 3:12 PM

Equities research analysts at Keybanc (NYSE: KEY) initiated coverage on shares of First Union Real Est (NYSE: FUR) in a research note to investors on Monday. The analysts set a "hold" rating on the stock.

Separately, analysts at Zacks Investment Research downgraded shares of First Union Real Est from an "outperform" rating to a "neutral" rating in a research note to investors on Tuesday, July 12nd.

Shares of First Union Real Est traded up 0.70% during mid-day trading on Tuesday, hitting $11.57. First Union Real Est has a 52 week low of $11.01 and a 52 week high of $14.59. The stock's 50-day moving average is $11.8 and its 200-day moving average is $12.05. The company has a market cap of $380.6 million and a price-to-earnings ratio of 14.51.

First Union Real Est last announced its quarterly results on Thursday, May 5th. The company reported $0.44 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.30 EPS by $0.14. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 65.60% on a year-over-year basis. On average, analysts predict that First Union Real Est will post $0.34 EPS next quarter.

Winthrop Realty Trust (the Trust) is a real estate investment trust (REIT). The Trust is engaged in the business of owning real property and real estate related assets, which it categorizes into three segments: ownership of investment properties, which includes properties in joint ventures, which it consolidates or account for on a equity basis, which it refers to as operating properties; the origination and acquisition of senior and mezzanine loans and debt securities secured directly or indirectly by commercial and multi-family real property, which it refers to as loan assets, and the ownership of equity and debt securities in other REITs, which it refers to as REIT securities. At December 31, 2009, the Trust held interests in properties containing approximately 8.5 million square feet of rentable space, owned either directly by it or through joint ventures.

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