Information Provided By:
Fly News Breaks for December 19, 2019
WRI, SITC, RPAI, ROIC, REG, KRG, KIM, CDR, RPT
Dec 19, 2019 | 08:02 EDT
Baird analyst Richard Milligan raised his sector view on Shopping Center REITs to Outperform, stating that although the group is up 22% in 2019, most of the stocks still trade at double-digit discounts to net asset value. He expects NAV discounts to continue to close as fundamentals recover and tenant churn becomes less of a drag, he said. As part of that more bullish outlook for the sector, he upgraded RPT Realty (RPT) to Outperform and raised his price target on its shares to $17 from $13, noting that management has reshaped the portfolio and he views it as well positioned heading into 2020. Others in the group mentioned in Milligan's note include Cedar Realty Trust (CDR), Kimco Realty (KIM) Kite Realty Group (KRG), Regency Centers (REG), Retail Opportunity (ROIC), Retail Properties of America (RPAI), Site Centers (SITC) and Weingarten Realty (WRI).
News For RPT;CDR;KIM;KRG;REG;ROIC;RPAI;SITC;WRI From the Last 2 Days
There are no results for your query RPT;CDR;KIM;KRG;REG;ROIC;RPAI;SITC;WRI