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 25.12

+2.73 +12.19%
Volume: 439,016
Track ACC

AMB 29.86

+11.15 +59.59%
Volume: 440,831
Track AMB

ARE 25.10

-10.95 -30.37%
Volume: 436,855
Track ARE

BDN 29.84

+22.08 +284.54%
Volume: 439,954
Track BDN

BPO 29.94

+22.03 +278.51%
Volume: 436,265
Track BPO

BXP 25.04

-23.03 -47.91%
Volume: 453,514
Track BXP

CLI 27.43

+4.40 +19.11%
Volume: 448,283
Track CLI

DCT 28.76

+24.58 +588.04%
Volume: 450,144
Track DCT

DDR 28.62

+23.49 +457.89%
Volume: 443,470
Track DDR

DLR 25.08

-10.97 -30.43%
Volume: 438,632
Track DLR

DRE 29.82

+20.98 +237.33%
Volume: 440,187
Track DRE

EGP 25.08

-8.55 -25.42%
Volume: 442,529
Track EGP

EQR 29.93

+7.60 +34.03%
Volume: 452,162
Track EQR

EQY 26.23

+12.70 +93.87%
Volume: 434,868
Track EQY

HCP 26.34

+4.67 +21.55%
Volume: 443,945
Track HCP

KRC 19.29

-1.72 -8.19%
Volume: 836,494
Track KRC

LRY 21.91

-1.28 -5.52%
Volume: 1,979,647
Track LRY

MAC 28.67

+10.73 +59.81%
Volume: 444,775
Track MAC

PLD 28.66

+20.43 +248.24%
Volume: 447,683
Track PLD

PSA 29.95

-36.56 -54.97%
Volume: 434,990
Track PSA

REG 28.66

-6.71 -18.97%
Volume: 444,587
Track REG

SLG 27.41

+4.31 +18.66%
Volume: 447,377
Track SLG

SNH 28.72

+11.78 +69.54%
Volume: 451,410
Track SNH

SPG 25.18

-26.17 -50.96%
Volume: 441,974
Track SPG

TCO 28.68

+1.63 +6.03%
Volume: 448,779
Track TCO

UDR 29.94

+19.33 +182.19%
Volume: 440,009
Track UDR

VNO 27.40

-18.11 -39.79%
Volume: 452,697
Track VNO

VTR 29.95

-0.43 -1.42%
Volume: 442,529
Track VTR

WRI 26.30

+11.49 +77.58%
Volume: 443,353
Track WRI

YSI 25.15

+20.08 +396.06%
Volume: 439,283
Track YSI


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