Barclays on U.S. REITs: Best Ideas List: Adding HPP; Removing ARE

May 24, 2012 5:13 PM EDT Send to a Friend
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Price: $20.88 --0%

Rating Summary:
    3 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 10 | New: 19
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Barclays on U.S. REITs: Best Ideas List: Adding Hudson Pacific Properties (NYSE: HPP); Removing Alexandria Real Estate (NYSE: ARE)

Analyst, Ross L. Smotrich, said, "The five stocks on this list (Boston Properties (NYSE: BXP), Camden Property Trust (NYSE: CPT), CBRE Group (NYSE: CBG), Prologis (NYSE: PLD) and Hudson (NYSE: HPP)) are 1-Overweight names in which we currently have the most conviction for near- and intermediate-term outperformance on a risk-adjusted basis."

Smotrich believes HPP is a compelling small-cap with tech and media tenants in California. He sees ARE as a best-in-class lab space REIT, but thinks the company/stock lacks near-term catalyst.


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