JPMorgan and KeyBanc Hit 'Refresh Button' on REIT Stocks
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Rating Summary:
6 Buy, 5 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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This morning, JPMorgan hit the 'refresh button' on REITs, downgrading eight stocks and upgrading four.
JPMorgan's downgrades included: Lexington Realty Trust (NYSE: LXP), Entertainment Properties Trust (NYSE: EPR), Macerich (NYSE: MAC), Piedmont Office Realty (NYSE: PDM), Alexandria Real Estate Equities (NYSE: ARE), Equity Residential (NYSE: EQR), and Douglas Emmett (NYSE: DEI)...all from Overweight rated to Neutral.
Weingarten Realty Investors (NYSE: WRI) and Washington Real Estate Investme (NYSE: WRE) were dropped from Neutral to Underweight rated.
JPMorgan suggested swapping into ProLogis (NYSE: PLD), PS Business Parks (NYSE: PSB), Kimco Realty (NYSE: KIM) and CBL & Associates (NYSE: CBL)...and upgraded all four from Neutral to Overweight rated.
Ironically, KeyBanc also issued a large report on REITs this morning,
downgrading American Campus (NYSE: ACC), Digital Realty (NYSE: DLR) and UDR, Inc (NYSE: UDR) from Buy to Hold.
KeyBanc also dropped AvalonBay (NYSE: AVB), BioMed (NYSE: BMR), Boston Properties (NYSE: BXP), HCP, Inc. (NYSE: HCP), Kilroy (NYSE: KRC), Public Storage (NYSE: PSA), SL Green (NYSE: SLG), Tanger (NYSE: SKT), and Taubman (NYSE: TCO)...all to Underweight.
However, the firm did raise its rating one stock...AIMCO (NYSE: AIV), from Hold to Buy
JPMorgan's downgrades included: Lexington Realty Trust (NYSE: LXP), Entertainment Properties Trust (NYSE: EPR), Macerich (NYSE: MAC), Piedmont Office Realty (NYSE: PDM), Alexandria Real Estate Equities (NYSE: ARE), Equity Residential (NYSE: EQR), and Douglas Emmett (NYSE: DEI)...all from Overweight rated to Neutral.
Weingarten Realty Investors (NYSE: WRI) and Washington Real Estate Investme (NYSE: WRE) were dropped from Neutral to Underweight rated.
JPMorgan suggested swapping into ProLogis (NYSE: PLD), PS Business Parks (NYSE: PSB), Kimco Realty (NYSE: KIM) and CBL & Associates (NYSE: CBL)...and upgraded all four from Neutral to Overweight rated.
Ironically, KeyBanc also issued a large report on REITs this morning,
downgrading American Campus (NYSE: ACC), Digital Realty (NYSE: DLR) and UDR, Inc (NYSE: UDR) from Buy to Hold.
KeyBanc also dropped AvalonBay (NYSE: AVB), BioMed (NYSE: BMR), Boston Properties (NYSE: BXP), HCP, Inc. (NYSE: HCP), Kilroy (NYSE: KRC), Public Storage (NYSE: PSA), SL Green (NYSE: SLG), Tanger (NYSE: SKT), and Taubman (NYSE: TCO)...all to Underweight.
However, the firm did raise its rating one stock...AIMCO (NYSE: AIV), from Hold to Buy
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