JPMorgan on Real Estate Stocks: 11 Upgrades, 5 Downgrades (TCO, EQR, SLG, WRI, BDN, OFC, more)

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Several analysts at JPMorgan revised investment ratings on a number of stocks in the Real Estate sector.

Upgrades:

• Taubman Centers (NYSE: TCO) from Neutral to Overweight, price target from $51 to $57
  
• Equity Residential (NYSE: EQR) from Neutral to Overweight, $56 target maintained
  
• Lexington Realty Trust (NYSE: LXP) from Neutral to Overweight, $10 target maintained
  
• Kilroy Realty (NYSE: KRC) from Neutral to Overweight, target from $35 to $36
  
• SL Green (NYSE: SLG) from Neutral to Overweight, target from $60 to $81
  
• Weingarten Realty (NYSE: WRI) from Neutral to Overweight, target from $25 to $27
  
• Kimco Realty (NYSE: KIM) from Neutral to Overweight, target from $16 to $18
  
• Education Realty Trust (NYSE: EDR) from Underweight to Neutral, target from $6 to $7
  
• Brookfield Properties Corp. (NYSE: BPO) from Underweight to Neutral, target from $15 to $17
  
• Equity One (NYSE: EQY) from Underweight to Neutral, target from $16 to $18
  
• DCT Industrial Trust (NYSE: DCT) from Underweight to Neutral, sets new $5 target

Downgrades:

• Brandywine Realty Trust (NYSE: BDN) from Overweight to Neutral, target from $12 to $11
  
• Tanger Factory (NYSE: SKT) from Overweight to Neutral, target from $50 to $53
  
• Corporate Office Properties Trust (NYSE: OFC) from Overweight to Neutral, target from $41 to $39
  
• Nationwide Health Properties (NYSE: NHP) from Overweight to Neutral, target from $38 to $37
  
• Ramco-Gershenson Properties (NYSE: RPT) from Neutral to Underweight, target from $11.50 to $12

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