Merrill Lynch Makes Ratings Changes on Several REITS
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Merrill Lynch upgrades American Campus Communities (NYSE: ACC) and BRE Properties (NYSE: BRE) from Neutral to Buy. Merrill upgrades AvalonBay (NYSE: AVB) and Equity LifeStyle Properties (NYSE: ELS) from Sell to Neutral.
Merrill downgrades General Growth Properties (NYSE: GGP) and Regency (NYSE: REG) from Buy to Neutral. Merrill downgrades Apartment Investment and Management (NYSE: AIV) and Kimco Realty (NYSE: KIM) from Neutral to Underperform.
American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT).
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