Merrill Smacks Down the REIT Space: Downgrades 29 Stocks, Upgrades 2

November 21, 2008 12:11 PM EST

Merrill Lynch made a decidedly negative call on the REIT space this morning, downgrading 29 stocks, while upgrading just 2. Here is a summary of the firm's rating changes.

Downgraded from Buy to Neutral:

  • Digital Realty Trust (NYSE: DLR)
  • Duke Realty (NYSE: DRE)
  • Alexandria Real Estate Equities (NYSE: ARE)
  • EastGroup Properties (NYSE: EGP)
  • Equity One (NYSE: EQY)
  • Macerich (NYSE: MAC)
  • Simon Property Group (NYSE: SPG)
  • Taubman Centers (NYSE: TCO)
  • UDR Inc. (NYSE: UDR)
  • Vornado Realty Trust (NYSE: VNO)
Downgraded from Buy to Underperform:
  • American Campus Communities (NYSE: ACC)
  • Brookfield Properties (NYSE: BPO)
  • Developers Diversified Realty (NYSE: DDR)
  • Liberty Property Trust (NYSE: LRY)
  • SL Green Realty (NYSE: SLG)
  • Senior Housing Properties Trust (NYSE: SNH)
  • Ventas (NYSE: VTR)
  • U-Store-It Trust (NYSE: YSI)
Downgraded from Neutral to Underperform:
  • AMB Property (NYSE: AMB)
  • Brandywine Realty Trust (NYSE: BDN)
  • Boston Properties (NYSE: BXP)
  • Mack-Cali Realty (NYSE: CLI)
  • DCT Industrial Trust (NYSE: DCT)
  • HCP Inc. (NYSE: HCP)
  • Kilroy realty (NYSE: KRC)
  • ProLogis (NYSE: PLD)
  • Regency Centers (NYSE: REG)
  • Weingarten Realty Investors (NYSE: WRI)
Upgraded from Underperform to Neutral:
  • Equity Residential (NYSE: EQR)
  • Public Storage (NYSE: PSA)


Related Categories

Downgrades
Insiders' Blog
Upgrades

Stocks Mentioned

ACC 27.31

+0.31 +1.15%
Volume: 570,961
Track ACC

AMB 24.23

+0.58 +2.45%
Volume: 1,375,848
Track AMB

ARE 58.29

+0.88 +1.53%
Volume: 501,024
Track ARE

BDN 10.43

+0.48 +4.82%
Volume: 1,588,687
Track BDN

BPO 11.64

+0.26 +2.28%
Volume: 4,348,575
Track BPO

BXP 68.89

+0.92 +1.35%
Volume: 2,171,359
Track BXP

CLI 32.47

+0.78 +2.46%
Volume: 975,355
Track CLI

DCT 4.91

+0.07 +1.45%
Volume: 1,406,246
Track DCT

DDR 9.80

-0.09 -0.91%
Volume: 4,322,080
Track DDR

DLR 48.77

+0.05 +0.10%
Volume: 2,001,827
Track DLR

DRE 11.44

+0.02 +0.18%
Volume: 5,135,632
Track DRE

EGP 39.20

+0.84 +2.19%
Volume: 185,274
Track EGP

EQR 32.87

+0.39 +1.20%
Volume: 3,030,469
Track EQR

EQY 16.41

+0.06 +0.37%
Volume: 367,286
Track EQY

HCP 31.84

+0.24 +0.76%
Volume: 4,370,148
Track HCP

KRC 31.45

+0.60 +1.94%
Volume: 708,654
Track KRC

LRY 30.91

+0.94 +3.14%
Volume: 981,181
Track LRY

MAC 29.89

-0.01 -0.03%
Volume: 2,960,489
Track MAC

PLD 13.81

+0.42 +3.14%
Volume: 8,361,801
Track PLD

PSA 79.98

+0.07 +0.09%
Volume: 1,909,066
Track PSA

REG 33.54

-0.44 -1.29%
Volume: 2,006,732
Track REG

SLG 47.00

+1.28 +2.80%
Volume: 2,178,150
Track SLG

SNH 21.45

+0.46 +2.19%
Volume: 1,875,199
Track SNH

SPG 75.12

+1.29 +1.75%
Volume: 2,929,044
Track SPG

TCO 35.91

+0.64 +1.81%
Volume: 1,237,259
Track TCO

UDR 15.38

+0.14 +0.92%
Volume: 2,278,668
Track UDR

VNO 68.66

+1.84 +2.75%
Volume: 2,680,673
Track VNO

VTR 43.37

+0.07 +0.16%
Volume: 2,299,377
Track VTR

WRI 19.76

+0.29 +1.49%
Volume: 1,375,324
Track WRI

YSI 6.99

+0.33 +4.95%
Volume: 1,033,698
Track YSI


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