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 27.00

+0.26 +0.97%
Volume: 247,960
Track ACC

AMB 24.22

+0.53 +2.24%
Volume: 741,132
Track AMB

ARE 59.73

-1.01 -1.66%
Volume: 1,222,750
Track ARE

BDN 9.98

+0.13 +1.32%
Volume: 841,958
Track BDN

BPO 10.95

+0.14 +1.30%
Volume: 1,170,561
Track BPO

BXP 64.76

+1.16 +1.82%
Volume: 724,533
Track BXP

CLI 31.30

+0.33 +1.07%
Volume: 212,380
Track CLI

DCT 4.87

+0.03 +0.62%
Volume: 555,642
Track DCT

DDR 8.92

+0.41 +4.82%
Volume: 2,041,502
Track DDR

DLR 46.99

+0.64 +1.38%
Volume: 401,470
Track DLR

DRE 11.21

+0.01 +0.09%
Volume: 1,860,192
Track DRE

EGP 38.20

+0.06 +0.16%
Volume: 148,440
Track EGP

EQR 31.24

+0.65 +2.12%
Volume: 1,229,459
Track EQR

EQY 15.58

-0.09 -0.57%
Volume: 316,232
Track EQY

HCP 28.90

+0.32 +1.12%
Volume: 1,034,375
Track HCP

KRC 29.00

+0.39 +1.36%
Volume: 102,904
Track KRC

LRY 30.30

+0.17 +0.56%
Volume: 280,494
Track LRY

MAC 31.83

+0.58 +1.86%
Volume: 950,689
Track MAC

PLD 13.10

+0.30 +2.34%
Volume: 6,684,830
Track PLD

PSA 79.44

+0.74 +0.94%
Volume: 804,499
Track PSA

REG 34.46

+0.41 +1.20%
Volume: 302,412
Track REG

SLG 41.75

+0.76 +1.85%
Volume: 978,642
Track SLG

SNH 19.27

+0.23 +1.21%
Volume: 310,796
Track SNH

SPG 71.93

+1.30 +1.84%
Volume: 1,156,474
Track SPG

TCO 33.16

+0.46 +1.41%
Volume: 294,630
Track TCO

UDR 15.21

+0.40 +2.70%
Volume: 800,321
Track UDR

VNO 64.59

+0.79 +1.24%
Volume: 821,297
Track VNO

VTR 40.57

+0.27 +0.67%
Volume: 862,885
Track VTR

WRI 18.92

+0.12 +0.64%
Volume: 418,006
Track WRI

YSI 6.46

+0.01 +0.16%
Volume: 253,938
Track YSI


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