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Sandler O'Neill Analyst Raises Price Targets on 14 REIT's, Upgrades UDR, ACC to Buy

September 30, 2009 11:50 AM EDT
UDR Hot Sheet
Rating Summary:
    4 Buy, 9 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Sandler O'Neill's Real Estate Operations analyst, Alex Goldfarb, raised price targets on every stock he covers today, along with two upgrades:
  • upgraded UDR (NYSE: UDR) from Hold to Buy, raising the price target from $13.50 to $17.50
  • upgraded American Campus Communities (NYSE: ACC) from Hold to Buy, target from $26 to $30
  • raised target on Simon Property Group (NYSE: SPG) from $67 to $78, maintains Buy
  • raised target on Douglas Emmet (NYSE: DEI) from $13 to $14, maintains Buy
  • raised target on Federal Realty Investment Trust (NYSE: FRT) from $62 to $65, maintains Hold
  • raised target on Camden Property Trust (NYSE: CPT) from $31 to $43, maintains Hold
  • raised target on Equity Residential (NYSE: EQR) from $24 to $33, maintains Hold
  • raised target on AvalonBay (NYSE: AVB) from $68 to $78, maintains Hold
  • raised target on Liberty Property Trust (NYSE: LRY) from $27 to $35, maintains Hold
  • raised target on EastGroup Properties (NYSE: EGP) from $37 to $41, maintains Hold
  • raised target on Essex Property Trust (NYSE: ESS) from $75 to $85, maintains Hold
  • raised target on Boston Properties (NYSE: BXP) from $53 to $70, maintains Hold
  • raised target on Kimco Realty (NYSE: KIM) from $10 to $12, maintains Sell
  • raised target on The Macerich Co. (NYSE: AMC) from $22 to $28, maintains Sell
The iShares Dow Jones US Real Estate ETF (NYSE: IYR), commonly referred to as just "the IYR", is down 1.2% today.

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