As Merrill, Goldman Still Negative on REITs, Stifel Turns Bullish (AMB, DRE, LSE, more..)

November 26, 2008 10:08 AM EST

Just days after Merrill Lynch and Goldman Sachs issued negative analyst reports on the REIT space, analysts at Stifel Nicolaus are taking a contrarian standpoint on the sector, upgrading numerous REIT stocks.

Today's move by Stifel follows concerning economic data issued yesterday that proves housing is still an utter mess.

The firm upgraded the following REIT's from Hold to Buy this morning:

  • AMB Property (NYSE: AMB)
  • Duke Realty (NYSE: DRE)
  • Liberty Property Trust (NYSE: LRY)
  • Highwoods Properties (NYSE: HIW)
  • CapLease (NYSE: LSE)
  • ProLogis (NYSE: PLD)
  • Boston Properties (NYSE: BXP)


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Stocks Mentioned

AMB 24.07

+0.42 +1.78%
Volume: 829,444
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BXP 68.58

+0.61 +0.90%
Volume: 1,469,372
Track BXP

DRE 11.35

-0.07 -0.61%
Volume: 3,990,405
Track DRE

HIW 31.38

+0.09 +0.29%
Volume: 928,122
Track HIW

LRY 30.75

+0.78 +2.60%
Volume: 574,507
Track LRY

LSE 4.58

+0.08 +1.78%
Volume: 236,527
Track LSE

PLD 13.71

+0.32 +2.39%
Volume: 6,021,693
Track PLD


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