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DLR

Digital Realty

$124.78

-1.26 (-1.00%)

, ESS

Essex Property Trust

$264.59

-4.8 (-1.78%)

04:55
09/13/17
09/13
04:55
09/13/17
04:55

Bofa/Merrill to hold a conference

2017 Global Real Estate Conference is being held in New York on September 12-13.

DLR

Digital Realty

$124.78

-1.26 (-1.00%)

ESS

Essex Property Trust

$264.59

-4.8 (-1.78%)

CBL

CBL & Associates

$8.29

0.04 (0.48%)

EXR

Extra Space Storage

$77.47

-2.26 (-2.83%)

HPP

Hudson Pacific

$31.99

-0.28 (-0.87%)

AMH

American Homes 4 Rent

$21.98

-0.36 (-1.61%)

ESRT

Empire State Realty

$20.34

-0.14 (-0.68%)

AKR

Acadia Realty Trust

$29.22

-0.27 (-0.92%)

DCT

DCT Industrial

$58.97

-0.85 (-1.42%)

SLG

SL Green Realty

$96.17

-0.43 (-0.45%)

TCO

Taubman Centers

$51.91

-0.65 (-1.24%)

QTS

QTS Realty Trust

$55.51

-0.29 (-0.52%)

LSI

Life Storage

$77.32

-2.75 (-3.43%)

CLI

Mack-Cali Realty

$23.38

-0.2 (-0.85%)

REG

Regency Centers

$63.92

-1.08 (-1.66%)

KIM

Kimco Realty

$20.01

-0.29 (-1.43%)

KRC

Kilroy Realty

$68.01

-0.64 (-0.93%)

FRT

Federal Realty

$128.69

-1.56 (-1.20%)

EQR

Equity Residential

$67.61

-1 (-1.46%)

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DLR Digital Realty
$124.78

-1.26 (-1.00%)

06/09/17
RHCO
06/09/17
NO CHANGE
RHCO
Interxion less likely to be bought by Digital Realty after deal, says SunTrust
After Digital Realty (DLR)and DuPont Fabros (DFT) agreed to merge, SunTrust believes that the chances of Digital Realty buying Interxion have dropped. However, the firm continues to view Interxion "as a likely acquisition candidate."
06/12/17
COWN
06/12/17
UPGRADE
Target $126
COWN
Outperform
Digital Realty upgraded to Outperform from Market Perform at Cowen
Cowen analyst Colby Synesael upgraded Digital Realty (DLR) to Outperform from Market Perform following its announcement of a deal to acquire DuPont Fabros (DFT). He believes the acquisition enhances its revenue and FFO/AFFO per share growth profile, its strategic value to hyper-scale customers, and DuPont's customer concentration risk becomes less concerning. Synesael raised his price target to $126 from $106 on Digital Realty shares.
06/12/17
RBCM
06/12/17
DOWNGRADE
RBCM
Sector Perform
DuPont Fabros downgraded on valuation at RBC Capital
As noted earlier, RBC Capital downgraded DuPont Fabros to Sector Perform from Outperform. Analyst Jonathan Atkin downgraded the stock based on valuation after the company agreed to be acquired by Digital Realty (DLR).
06/12/17
RBCM
06/12/17
NO CHANGE
RBCM
Digital Realty synergy guidance conservative, says RBC Capital
After Digital Realty (DLR) agreed to buy DuPont Fabros (DFT), RBC Capital analyst Joanthan Atkin says that the synergy guidance for the deal is conservative given DuPont Fabros' high general and administrative spending levels. The analyst adds that DuPont's development pipeline could help generate "top-line synergies and drive favorable commercial terms with tenants." The analyst keeps an Outperform rating on Digital Realty and downgraded his rating on DuPont to Sector Perform from Outperform today based on valuation.
ESS Essex Property Trust
$264.59

-4.8 (-1.78%)

09/01/17
STFL
09/01/17
INITIATION
STFL
Buy
Essex Property Trust coverage resumed with a Buy at Stifel
Stifel analyst John Guinee resumed coverage of Essex with a $294 price target and a Buy rating,The analyst expects the REIt to benefit from high West Coast replacement costs and "meaningful California development restrictions." He is also upbeat on the REIT's $437,000 per unit TEV.
07/31/17
MZHO
07/31/17
DOWNGRADE
MZHO
Neutral
Essex Property Trust downgraded to Neutral from Buy at Mizuho
08/09/17
RAJA
08/09/17
DOWNGRADE
RAJA
Market Perform
Essex Property Trust downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded Essex Property Trust to Market Perform following the Q2 report, largely due to valuation as shares approach his prior $270 price target.
06/12/17
EVER
06/12/17
DOWNGRADE
EVER
Underperform
Essex Property Trust downgraded to Underperform from In Line at Evercore ISI
Evercore ISI analyst Steve Sakwa downgraded Essex Property Trust to Underperform citing strong year-to-date performance and maintained a $261 price target.
CBL CBL & Associates
$8.29

0.04 (0.48%)

07/14/17
STFL
07/14/17
INITIATION
STFL
Hold
CBL & Associates coverage resumed with a Hold at Stifel
Stifel analyst Simon Yarmak resumed coverage of CBL with a $8.25 price target and a Hold rating. The analyst says he "remains cautious" on the REIT given the challenging retail environment. However, he adds that the stock could provide an "oursized return" to investors with a high risk tolerance if its results can beat expectations for a few quarters.
07/14/17
07/14/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Safety, Income and Growth (safe) initiated with a Buy at Ladenburg. 2. News Corp. (NWSA) initiated with a Buy at Rosenblatt. 3. Woodward (WWD) initiated with an Outperform at Oppenheimer. 4. CBL & Associates (CBL) coverage resumed with a Hold at Stifel. 5. Supernus (SUPN) initiated with a Neutral at Janney Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/15/17
BOSC
05/15/17
UPGRADE
BOSC
Neutral
CBL & Associates upgraded to Neutral from Underperform at Boenning & Scattergood
05/15/17
05/15/17
UPGRADE

Neutral
CBL & Associates upgraded to Neutral at Boenning & Scattergood
As previously reported, Boenning & Scattergood upgraded CBL & Associates to Neutral from Underperform. Analyst Floris van Dijkum said the 13.5% dividend yield is well covered and shares should find a bottom.
EXR Extra Space Storage
$77.47

-2.26 (-2.83%)

09/11/17
BMOC
09/11/17
INITIATION
Target $78
BMOC
Market Perform
Extra Space Storage initiated with a Market Perform at BMO Capital
BMO Capital analyst Jeremy Metz initiated Extra Space Storage with a Market Perform and a $78 price target.
05/15/17
GSCO
05/15/17
UPGRADE
GSCO
Conviction Buy
Extra Space Storage upgraded to Conviction Buy from Buy at Goldman Sachs
Goldman Sachs analyst Andrew Rosivach added Extra Space Storage to the Conviction Buy List with a $95 price target saying the key driver for the slowdown in storage revenues has been demand, which appears to be stabilizing.
09/11/17
KEYB
09/11/17
DOWNGRADE
KEYB
Sector Weight
Extra Space Storage downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Todd Thomas downgraded Extra Space Storage to Sector Weight citing valuation with the shares above his previous $82 price target. Extra Space has the lowest exposure to Houston and Florida among the Self Storage REITs, suggesting it may see the smallest benefit, if any, from increased demand in those markets following the storms, the analyst adds.
07/20/17
BOFA
07/20/17
DOWNGRADE
Target $81
BOFA
Neutral
Extra Space Storage downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Juan Sanabria downgraded Extra Space Storage Neutral and lowered its price target to $81 from $83 due to relative valuation.
HPP Hudson Pacific
$31.99

-0.28 (-0.87%)

03/20/17
MZHO
03/20/17
DOWNGRADE
Target $35
MZHO
Neutral
Hudson Pacific downgraded to Neutral from Buy at Mizuho
02/28/17
UBSW
02/28/17
DOWNGRADE
UBSW
Neutral
Hudson Pacific downgraded to Neutral from Buy at UBS
11/07/16
MZHO
11/07/16
UPGRADE
MZHO
Buy
Hudson Pacific upgraded to Buy from Neutral at Mizuho
05/08/17
BARD
05/08/17
NO CHANGE
Target $36
BARD
Hudson Pacific weakness a buying opportunity, says Baird
Baird analyst David Rodgers said the 2018 departure of Cisco (CSCO) from the Bay Area will provide a more challenged outlook for Hudson Pacific (HPP), but he believes the pullback is a buying opportunity. Rodgers said the improvement in rental income from the lease-up portfolio, combined with development opportunities throughout thee portfolio, keeps him positive on the shares. Rodgers reiterated his Outperform rating and lowered his price target to $36 from $39 on Hudson Pacific shares.
AMH American Homes 4 Rent
$21.98

-0.36 (-1.61%)

02/27/17
FBCO
02/27/17
INITIATION
Target $24
FBCO
Neutral
American Homes 4 Rent initiated with a Neutral at Credit Suisse
Credit Suisse analyst Douglas Harter started American Homes 4 Rent with a Neutral and $24 price target as he sees the shares as relatively fairly valued.
02/27/17
02/27/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Laureate Education (LAUR) initiated with a Buy at Stifel, with an Outperform at Macquarie, with an Overweight at Morgan Stanley, with an Overweight at Piper Jaffray and with an Equal Weight at Barclays. 2. Invitation Homes (INVH) initiated with a Buy at BofA Merrill Lynch, with a Buy at Deutsche Bank, with an Outperform at Credit Suisse, with an Overweight at JPMorgan, with an Overweight at Morgan Stanley and with a Neutral at Goldman Sachs. 3. Electro Scientific (ESIO) initiated with a Buy at Lake Street. 4. Heron Therapeutics (HRTX) initiated with a Buy at Needham. 5. American Homes 4 Rent (AMH) initiated with a Neutral at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/08/17
MZHO
02/08/17
INITIATION
Target $23
MZHO
Neutral
American Homes 4 Rent initiated with a Neutral at Mizuho
Mizuho analyst Haendel St. Juste initiated American Homes 4 Rent with a Neutral and a $23 price target.
07/10/17
MZHO
07/10/17
UPGRADE
MZHO
Buy
American Homes 4 Rent upgraded to Buy from Neutral at Mizuho
ESRT Empire State Realty
$20.34

-0.14 (-0.68%)

05/31/17
EVER
05/31/17
INITIATION
Target $23
EVER
In Line
Empire State Realty initiated with an In Line at Evercore ISI
Evercore ISI analyst Rich Hightower initiated Empire State Realty with an In Line and a $23 price target due to valuation.
06/22/17
GSCO
06/22/17
INITIATION
Target $21
GSCO
Neutral
Empire State Realty resumed with a Neutral at Goldman Sachs
Goldman analyst Andrew Rosivach resumed Empire State Realty with a Neutral and a $21 price target.
AKR Acadia Realty Trust
$29.22

-0.27 (-0.92%)

12/13/16
SBSH
12/13/16
DOWNGRADE
Target $36
SBSH
Neutral
Acadia Realty Trust downgraded to Neutral from Buy at Citi
Citi analyst Michael Bilerman downgraded Acadia Realty Trust to Neutral saying he sees risk associated with 2017 growth expectations. The analyst lowered his price target for the shares to $36 from $38.50.
DCT DCT Industrial
$58.97

-0.85 (-1.42%)

03/27/17
KEYB
03/27/17
NO CHANGE
KEYB
Industrial REITs should be bought at current levels, says KeyBanc
KeyBanc recommends buying industrial REITs DCT Industrial (DCT), Prologis (PLD), and Terreno Realty (TRNO) following their underperformance. The firm says that the REITs are benefiting from "improved fundamentals," while positive tenant demand trends should continue to boost their growth. The firm identifies DCT Industrial, Prologis and Terreno as its favorite names in the sector.
06/23/17
JEFF
06/23/17
INITIATION
JEFF
Hold
DCT Industrial initiated with a Hold at Jefferies
Jefferies analyst Jonathan Petersen initiated DCT Industrial with a Hold saying valuation is full and is concerned with supply growth.
09/11/17
BMOC
09/11/17
INITIATION
Target $55
BMOC
Market Perform
DCT Industrial initiated with a Market Perform at BMO Capital
BMO Capital analyst Jeremy Metz initiated DCT Industrial with a Market Perform and a $55 price target.
09/08/17
UBSW
09/08/17
DOWNGRADE
UBSW
Sell
DCT Industrial downgraded to Sell from Neutral at UBS (yesterday)
SLG SL Green Realty
$96.17

-0.43 (-0.45%)

07/13/17
UBSW
07/13/17
UPGRADE
UBSW
Buy
SL Green Realty upgraded to Buy from Neutral at UBS
08/16/17
08/16/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Dick's Sporting (DKS) was downgraded to Neutral from Buy at Monness Crespi, Goldman Sachs, MKM Partners, Buckingham, Citi, and to Neutral from Positive at Susquehanna, while being downgraded to Hold from Buy at Deutsche Bank and to Sector Perform from Outperform at RBC Capital. 2. Teva (TEVA) downgraded to Neutral from Buy at Citi with analyst Liav Abraham saying Teva is "cheap, but not cheap enough." 3. Advance Auto Parts (AAP) downgraded to Neutral from Overweight at Atlantic Equities with analyst Sam Hudson citing limited near-term visibility. 4. SL Green Realty (SLG) and Kilroy Realty (KRC) were downgraded to Neutral from Buy at BofA/Merrill, while Gramercy Property Trust (GPT) was downgraded to Underperform from Neutral. 5. CB&I (CBI) downgraded to Hold from Buy at Jefferies with analyst Martin Englert saying he is concerned that cost overruns at the company's two LNG projects could reemerge, adding risk to 2017-2019 earnings. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/16/17
BOFA
08/16/17
DOWNGRADE
Target $110
BOFA
Neutral
SL Green Realty downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst James Feldman downgraded SL Green Realty to Neutral and lowered its price target to $110 from $113. The analyst is trimming exposure to New York City given incremental concerns over rent growth and asset prices.
07/13/17
UBSW
07/13/17
UPGRADE
Target $117
UBSW
Buy
SL Green Realty upgraded to Buy at UBS
As reported previously, UBS analyst Nick Yulico upgraded SL Green Realty to Buy from Neutral. The analyst believes NYC Office fundamentals are better than the sentiment on the stock and that 2018 will see occupancy improvement and rent growth from rolling below-market leases. Yulico maintained his $117 price target on SL Green Realty shares.
TCO Taubman Centers
$51.91

-0.65 (-1.24%)

09/28/16
GSCO
09/28/16
UPGRADE
Target $87
GSCO
Buy
Taubman Centers upgraded to Buy from Neutral at Goldman
Goldman analyst Andrew Rosivach upgraded Taubman Centers to Buy and raised its price target to $87 from $79. The analyst believes Taubman can outperform peers in terms of fewer store closings as traditional retailers retrench and said its portfolio is near its highest productivity ever after asset sales in 2014. Rosivach thinks 2017 earnings guidance has lower risk of than previous periods and can produce 9.5% annual FFO growth after three years of no growth.
02/16/17
MSCO
02/16/17
DOWNGRADE
Target $71
MSCO
Equal Weight
Taubman Centers downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Richard Hill downgraded Taubman Centers to Equal Weight and lowered its price target to $71 from $77. The analyst said his previous thesis that the market was not pricing in NOI contribution from the development pipeline has played out and shares now trade at a premium that is in-line with the historical average.
09/11/17
BMOC
09/11/17
INITIATION
Target $48
BMOC
Underperform
Taubman Centers initiated with an Underperform at BMO Capital
BMO Capital analyst Jeremy Metz initiated Taubman Centers with an Underperform and a $48 price target.
01/11/17
GSCO
01/11/17
DOWNGRADE
GSCO
Neutral
Taubman Centers downgraded to Neutral from Buy at Goldman
Goldman analyst Andrew Rosivach downgraded Taubman to Neutral and lowered its price target to $77 from $81 due to valuation. Rosivach expects growth to be more long-dated than initially expected and slower than market expectations.
QTS QTS Realty Trust
$55.51

-0.29 (-0.52%)

04/25/17
MUFG
04/25/17
INITIATION
Target $58
MUFG
Overweight
QTS Realty Trust initiated with an Overweight at MUFG
MUFG analyst Stephen Bersey started QTS Realty Trust with an Overweight rating and $58 price target.
04/24/17
STFL
04/24/17
NO CHANGE
STFL
QTS Realty Trust named top data center/hosting pick at Stifel
Stifel analyst MAtthew Heinz identifies QTS Realty as his top data center/hosting pick ahead of Q1 results. The analyst says that the sector's supply/demand dynamic remains favorable, while the company should benefit from its"ability to generate high transaction velocity across a wide range of deal sizes." However, he adds that there have been fewer large hyperscale deals in the sector in recent months than in 2016.
06/30/17
FBCO
06/30/17
INITIATION
Target $54
FBCO
Neutral
QTS Realty Trust initiated with a Neutral at Credit Suisse
Credit Suisse analyst Sami Badri started coverage of the Data Center REITS, initiating QTS Realty Trust with a Neutral rating and $54 price target, as he believes there are more attractive peers on a relative basis.
05/03/17
JPMS
05/03/17
DOWNGRADE
Target $56
JPMS
Neutral
QTS Realty Trust downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Richard Choe downgraded QTS Realty Trust to Neutral saying high churn, low signings and back-end loaded book-not-billed revenue will limit near-term growth. The analyst lowered his price target for the shares to $56 from $58 following the "soft" Q1 results.
LSI Life Storage
$77.32

-2.75 (-3.43%)

08/07/17
EVER
08/07/17
DOWNGRADE
EVER
Underperform
Life Storage downgraded to Underperform from In Line at Evercore ISI
Evercore ISI analyst Steve Sakwa downgraded Life Storage to Underperform and cut its price target to $71 from $77 saying he was disappointed with many of the trends in Q2 and has taken a more cautious view on internal growth. The analyst has seen few signs of a real recovery in major Texas markets and lowered his NOI growth estimate to negative 5%-6% growth in the second half and expects it to remain negative throughout 2018.
09/11/17
KEYB
09/11/17
UPGRADE
KEYB
Sector Weight
Life Storage upgraded to Sector Weight from Underweight at KeyBanc
KeyBanc analyst Todd Thomas upgraded Life Storage to Sector Weight saying the company's exposure to both Houston and Florida should benefit from increased demand following the storms. He expects sentiment on the shares to remain "less negative."
09/11/17
BMOC
09/11/17
INITIATION
Target $73
BMOC
Underperform
Life Storage initiated with an Underperform at BMO Capital
BMO Capital analyst Jeremy Metz initiated Life Storage with an Underperform and a $73 price target.
09/12/17
FBRC
09/12/17
DOWNGRADE
Target $70
FBRC
Sell
Life Storage downgraded to Sell from Neutral at FBR Capital
FBR Capital analyst David Corak downgraded Life Storage to Sell saying the post-hurricane share rally creates downside risk. The analyst has a $70 price target on the shares.
CLI Mack-Cali Realty
$23.38

-0.2 (-0.85%)

12/16/16
JPMS
12/16/16
UPGRADE
Target $31
JPMS
Overweight
Mack-Cali Realty upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Michael Mueller upgraded Mack-Cali Realty to Overweight to coincide with his 2017 REIT outlook. The analyst raised his price target for the shares to $31 from $29.
09/05/17
RHCO
09/05/17
UPGRADE
RHCO
Buy
Mack-Cali Realty upgraded on valuation, growth outlook at SunTrust
As noted earlier, SunTrust upgraded Mack-Cali to Buy from Hold. Analyst Michael Lewis upgraded the stock based on what he sees as its "very compelling valuation" and "strong growth outlook." Lewis says that investors' expectations for the company's 2018 results have dropped significantly, while the REIT's FFO growth should "surge in 2019-2020, driven by development deliveries, re-leasing some of the near-term expirations, and an easing lease expiration schedule." Lewis predicts that the REIT's FFO growth will reach 13% in 2019 and 8% in 2020. Target remains $30.
09/05/17
RHCO
09/05/17
UPGRADE
RHCO
Buy
Mack-Cali Realty upgraded to Buy from Hold at SunTrust
12/09/16
SBSH
12/09/16
DOWNGRADE
Target $31.5
SBSH
Neutral
Mack-Cali Realty downgraded to Neutral from Buy at Citi
Citi analyst Emmanuel Korchman downgraded Mack-Cali Realty to Neutral citing valuation and increasing concern over multifamily strength. The analyst keeps a $31.50 price target for the shares.
REG Regency Centers
$63.92

-1.08 (-1.66%)

08/17/17
08/17/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Target (TGT) upgraded to Buy from Neutral at MKM Partners. 2. Hershey (HSY) upgraded to Outperform from Market Perform at Bernstein with analyst Alexia Howard saying lower input costs could boost the company's gross margins heading into 2018. 3. EnerSys (ENS) upgraded to Buy from Neutral at Sidoti with analyst citing the recent pullback in shares and maintained an $83 price target. 4. Mosaic (MOS) upgraded to Hold from Sell at Vertical Research with analyst Sandy Klugman citing valuation. 5. Regency Centers (REG) upgraded to Top Pick from Outperform at RBC Capital with analyst Wes Golladay saying that Regency has "one of the best portfolios amongst the shopping center REITs." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/11/17
BMOC
09/11/17
INITIATION
BMOC
Market Perform
Regency Centers initiated with a Market Perform at BMO Capital
08/17/17
RBCM
08/17/17
UPGRADE
RBCM
Top Pick
Regency Centers upgraded on positive outlook at RBC Capital
As noted earlier, RBC Capital upgraded Regency Centers to Top Pick from Outperform. Analyst Wes Golladay says that Regency has "one of the best portfolios amongst the shopping center REITs." The analyst is upbeat on the REIT's growth outlook, says its "portfolio is bolstered by leading grocers," and adds that it has "access to the debt markets on favorable terms." Target to $75 from $72.
09/12/17
BOSC
09/12/17
DOWNGRADE
Target $62.5
BOSC
Underperform
Regency downgraded to Underperform from Neutral at Boenning & Scattergood
Boenning & Scattergood analyst Floris van Dijkum downgraded Regency Centers to Underperform with a $62.50 price target. The shares have outperformed the strip sector this year and now trades more than 6.8% above its historical relative net asset value, the analyst writes in an intraday research note.
KIM Kimco Realty
$20.01

-0.29 (-1.43%)

08/28/17
ARGS
08/28/17
DOWNGRADE
ARGS
Hold
Kimco Realty downgraded to Hold from Buy at Argus
08/14/17
EVER
08/14/17
DOWNGRADE
Target $21
EVER
In Line
Kimco Realty downgraded to In Line from Outperform at Evercore ISI
Evercore ISI analyst Steve Sakwa downgraded Kimco Realty to In Line and maintained a $21 price target citing recent share outperformance.
08/28/17
ARGS
08/28/17
DOWNGRADE
ARGS
Hold
Kimco Realty downgraded on valuation, retail challenges, Amazon move at Argus
As noted earlier, Argus downgraded Kimco to Hold from Buy. As reasons for the downgrade, analyst Jacob Kilstein cited valuation, ongoing challenges faced by retailers, and the reduction of Whole Foods' prices by Amazon.
09/11/17
BMOC
09/11/17
INITIATION
Target $21
BMOC
Market Perform
Kimco Realty initiated with a Market Perform at BMO Capital
BMO Capital analyst Jeremy Metz initiated Kimco Realty with a Market Perform and a $21 price target.
KRC Kilroy Realty
$68.01

-0.64 (-0.93%)

08/16/17
BOFA
08/16/17
DOWNGRADE
Target $77
BOFA
Neutral
Kilroy Realty downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst James Feldman downgraded Kilroy Realty to Neutral and lowered its price target to $77 from $80. The analyst believes the impact from known 2018 move outs is reflected in consensus estimates and expects it to weigh on 2018 and 2019 same-store growth. Further, Feldman expects San Diego could be a drag compared to peers.
08/14/17
EVER
08/14/17
UPGRADE
Target $78
EVER
Outperform
Kilroy Realty upgraded to Outperform from In Line at Evercore ISI
Evercore ISI analyst Steve Sakwa upgraded Kilroy Realty to Outperform and maintained a $78 price target saying shares are too cheap relative to existing fundamentals and future growth, and expects issues with the Exchange at Mission Bay development project to be resolved within 6-9 months.
03/28/17
EVER
03/28/17
UPGRADE
Target $76
EVER
In Line
Kilroy Realty upgraded to In Line from Underperform at Evercore ISI
Evercore ISI analyst Steve Sakwa upgraded Kilroy Realty to In Line and maintained its $76 price target following the recent decline and underperformance of shares relative to the broader REIT sector.
FRT Federal Realty
$128.69

-1.56 (-1.20%)

08/14/17
EVER
08/14/17
DOWNGRADE
Target $128
EVER
Underperform
Federal Realty downgraded to Underperform from In Line at Evercore ISI
Evercore ISI analyst Steve Sakwa downgraded Federal Realty to Underperform and maintained a $128 price target due to expensive relative valuation.
04/27/17
GHSC
04/27/17
INITIATION
Target $23
GHSC
Buy
Federal Realty initiated with a Buy at Seaport Global
Seaport Global analyst Ryan Cassil initiated Federal Realty with a Buy and a $23 price target saying municipal and highway infrastructure tailwinds and self-help initiatives will drive margin improvement, and sees an opportunity to drive further topline growth by consolidating mix-accretive products within Drainage.
09/11/17
BMOC
09/11/17
INITIATION
BMOC
Outperform
Federal Realty initiated with an Outperform at BMO Capital
07/21/17
BOFA
07/21/17
UPGRADE
Target $146
BOFA
Buy
Federal Realty upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Jeffrey Spector upgraded Federal Realty to Buy and increased its price target to $146 from $140 based on discounted valuation and increased comfort with the company's property position and developing mix use on its own.
EQR Equity Residential
$67.61

-1 (-1.46%)

04/27/17
ARGS
04/27/17
NO CHANGE
ARGS
Equity Residential weakness creates favorable entry point, says Argus
After Equity Residential's stock fell 17% since January 2016, Argus analyst Jacob Kilstein says that the stock reflects the impact of its recent negative preannouncement. The analyst keeps a $75 price target and a Buy rating on the shares.
09/01/17
STFL
09/01/17
INITIATION
STFL
Hold
Equity Residential coverage resumed with a Hold at Stifel
Stifel analyst John Guinee resumed coverage of Equity Residential with a $71 price target and a Hold rating. The analyst is upbeat on the multifamily REIT sector, but he says that he favors names with a "stronger development orientation" and stronger real estate and valuation metrics than Equity Residential.
06/16/17
BOFA
06/16/17
UPGRADE
Target $75
BOFA
Buy
Equity Residential upgraded to Buy from Neutral at BofA/Merrill
BofA/Merrill analyst Juan Sanabria upgraded Equity Residential to Buy and raised its price target to $75 from $68 citing valuation and potential upside to earnings from solid demand and moderating supply in 2018.
07/06/17
UBSW
07/06/17
DOWNGRADE
Target $68
UBSW
Neutral
Equity Residential downgraded to Neutral from Buy at UBS
UBS analyst Nick Yulico downgraded Equity Residential to Neutral citing a more cautious stance on the Multifamily REIT sector. Valuations in the space are less attractive and U.S. apartment rent growth is unlikely to improve in the second half of 2017 based on slowing job growth and still heightened supply deliveries, Yulico tells investors in a research note. He has a $68 price target for the shares.

TODAY'S FREE FLY STORIES

DK

Delek US

$25.70

0.25 (0.98%)

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APOP

Cellect Biotechnology

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0.19 (2.35%)

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LPX

Louisiana-Pacific

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CTSO

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CRMD

CorMedix

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0.048 (11.37%)

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FX Update: The euro has come under across-the-board pressure »

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TWTR

Twitter

$17.61

0.03 (0.17%)

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NBLX

Noble Midstream

$50.36

-0.13 (-0.26%)

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Noble Energy

$27.02

0.07 (0.26%)

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NBLX

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$50.36

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NBL

Noble Energy

$27.02

0.07 (0.26%)

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NOC

Northrop Grumman

$281.55

1.13 (0.40%)

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WBC

Wabco

$150.14

0.95 (0.64%)

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CSIQ

Canadian Solar

$16.46

0.6 (3.78%)

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KMX

CarMax

$74.19

5.35 (7.77%)

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CarMax rating change  »

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ALXN

Alexion

$142.82

-0.1 (-0.07%)

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SGYP

Synergy Pharmaceuticals

$2.59

-0.05 (-1.89%)

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OB

Onebeacon Insurance

$18.11

0.01 (0.06%)

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XHR

Xenia Hotels & Resorts

$20.85

0.25 (1.21%)

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AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

, BABA

Alibaba

$178.14

0.75 (0.42%)

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Periodicals
Amazon launches Kindle promotion with Alibaba, Recode reports »

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$955.10

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BABA

Alibaba

$178.14

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CL

Colgate-Palmolive

$71.19

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ALB

Albemarle

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ADNT

Adient

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0.71 (0.86%)

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BVN

Buenaventura

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AVB

AvalonBay

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ESS

Essex Property Trust

$255.00

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HCP

HCP

$27.87

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PLD

Prologis

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