With a decline in commercial real estate fundamentals, demand for AMB's services has decreased comparatively. However, AMB's second quarter 2010 results were in line with the Zacks Consensus estimate.
Our long-term Underperform recommendation on the stock indicates that AMB would perform well below the broader market. Our target price of $24.00 at 19.5X 2010 FFO/Share factors in this view. Over the last five years, AMB s shares have traded in a range of 4.1X to 21.2X trailing 12-month FFO.
AMB PROPERTY CP (AMB): Free Stock Analysis Report
Zacks Investment Research
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