Stockchase Opinions

Srikanth Iyer Duke Realty Corporation DRE-N TOP PICK Mar 18, 2011

Has been the place to be in the last year or two – real estate. After sub-prime and flash-crash, banks have been abandoned in the US. REITS are doing well in the US. Sees it renewing itself. A very good play to participate in the US recovery. Very cheap compared to other REITS modest debt.
$13.520

Stock price when the opinion was issued

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US REIT. US REITs are pricing in a pretty strong recovery. If recovery was 3% GDP growth, REITs would still be trading at about 10% premium. Look for it to pull back 5-10% before buying. They’ve sold assets and cut distribution recently. They’ve cut back on merchant development. When the dust settles, there will be an opportunity to buy 5-10% lower. Buy in the 8’s
PAST TOP PICK
(Top Pick March 18/11, Down 14.13%) Classic buying opportunity. REIT. 7 yield. Balance sheet quality is much improved. Very, Very cheap. 62% payout ratio.
PAST TOP PICK
(Top Pick March 18/11, Up 14.04%)
TOP PICK
Owns industrial properties in the US. US industrial fundamentals are hot. Valuations imply very attractive valuation, slightly ahead of where it's trading. (Analysts’ price target is $32.85)
PAST TOP PICK
(A Top Pick May 30/19, Up 12%) A play on the strong US industrial market. They enjoyed double-digit growth on their leasing. They raised 2019 guidance. US industrial fundamentals remain strong with vacancies at 7%. They have a solid development pipeline.
BUY ON WEAKNESS
Really likes it. Great operator of pure play industrial assets in the US. Not cheap. Implied cap rate of 3.2%. Look for a pullback. High quality name. Runway for industrial warehouse rent growth.