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 42.74

-0.73 -1.68%
Volume: 725,806
Track ACC

AMB 34.07

+0.00 +0.00%
Volume: 6,988,073
Track AMB

ARE 71.77

-0.73 -1.01%
Volume: 317,846
Track ARE

BDN 11.39

+0.03 +0.26%
Volume: 1,979,527
Track BDN

BPO 17.79

-0.02 -0.11%
Volume: 1,762,537
Track BPO

BXP 103.78

-0.96 -0.92%
Volume: 867,403
Track BXP

CLI 28.78

-0.17 -0.59%
Volume: 758,904
Track CLI

DCT 5.63

-0.11 -1.92%
Volume: 5,945,030
Track DCT

DDR 13.91

-0.24 -1.70%
Volume: 2,439,844
Track DDR

DLR 68.76

-0.36 -0.52%
Volume: 1,336,732
Track DLR

DRE 13.81

-0.01 -0.07%
Volume: 4,067,355
Track DRE

EGP 49.13

-0.16 -0.32%
Volume: 155,785
Track EGP

EQR 58.59

-0.07 -0.12%
Volume: 1,412,065
Track EQR

EQY 19.37

-0.21 -1.07%
Volume: 837,464
Track EQY

HCP 41.38

-0.52 -1.24%
Volume: 2,863,517
Track HCP

KRC 42.99

-0.50 -1.15%
Volume: 1,103,621
Track KRC

LRY 33.10

-0.32 -0.96%
Volume: 819,294
Track LRY

MAC 55.02

-0.13 -0.24%
Volume: 559,402
Track MAC

PLD 33.07

-1.05 -3.08%
Volume: 3,419,058
Track PLD

PSA 137.71

-0.48 -0.35%
Volume: 515,808
Track PSA

REG 42.51

-0.31 -0.72%
Volume: 652,007
Track REG

SLG 74.83

-0.72 -0.95%
Volume: 541,577
Track SLG

SNH 22.70

-0.13 -0.57%
Volume: 1,043,837
Track SNH

SPG 136.76

-1.14 -0.83%
Volume: 1,481,153
Track SPG

TCO 68.53

-0.47 -0.68%
Volume: 628,365
Track TCO

UDR 25.38

-0.38 -1.48%
Volume: 2,213,292
Track UDR

VNO 83.60

-0.65 -0.77%
Volume: 998,338
Track VNO

VTR 58.12

-0.30 -0.51%
Volume: 1,080,649
Track VTR

WRI 24.59

-0.40 -1.60%
Volume: 669,161
Track WRI

YSI 10.08

+0.00 +0.00%
Volume: 214,814
Track YSI


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