KeyBanc Takes RIET Chips Off Table; Downgrades 9, Upgrades 4 (ESS) (CLI) (AHT) (CDR) (PPS) (more...)

January 10, 2013 11:51 AM EST Send to a Friend
Get Alerts ESS Hot Sheet
Price: $193.45 +0.61%

Rating Summary:
    10 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 3 | Down: 4 | New: 7
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KeyBanc made a number of changes in the RIET space today, saying after a better than expected year of REIT performance in 2012, they effectively taking some chips off the table for 2013, with nine REIT downgrades and only four upgrades

UPGRADES:
Essex Property Trust (NYSE: ESS) from Hold to Buy; PT $160.00.
HCP, Inc. (NYSE: HCP) from Underweight to Hold
Kilroy Realty (NYSE: KRC) from Underweight to Hold
Mack-Cail (NYSE: CLI) from Hold to Buy; PT $30

DOWNGRADES:
Ashford Hospitality (NYSE: AHT) from Hold to Underweight, PT $9.25
Brandywine (NYSE: BDN) from Buy to Hold
Camden Prop. Trust (NYSE: CPT) from Buy to Hold
Cedar Realty (NYSE: CDR) from Hold to Underweight, PT $4.75
Chesapeake (NYSE: CHSP) from Buy to Hold
EastGroup Prop. (NYSE: EGP) from Buy to Hold
Excel Trust (NYSE: EXL) from Buy to Hold
Hudson Pacific (NYSE: HPP) from Buy to Hold
Post Prop. (NYSE: PPS) from Hold to Underweight, PT $46

The firm's top stock picks for 2013 include HCN, CUBE, FR, DDR, DFT and EDR

For an analyst ratings summary and ratings history on Essex Property Trust click here. For more ratings news on Essex Property Trust click here.

Shares of Essex Property Trust closed at $150.24 yesterday.




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