Fly News Breaks for August 15, 2019
Aug 15, 2019 | 08:40 EDT
Compass Point analyst Floris van Dijkum started coverage of the Shopping Center REITs space, initiating Ramco-Gershenson with a Sell rating and $10.50 price target. More broadly on the space, she said Shopping Center REITs have "navigated the retail bankruptcy carnage" and are expected to return to earnings growth in 2020, though much of the "less bad than feared" news is already priced in. On Ramco-Gershenson, she sees it having higher than average leverage while paying an uncovered dividend in 2020.
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