Goldman Sachs Upgraded REITs UDR, Inc. (UDR) and Brookfield Properties (BPO) to Buy
Goldman Sachs upgraded REITs UDR, Inc. (NYSE: UDR) and Brookfield Properties (NYSE: BPO) from Neutral to Buy, citing attractive relative value.
On the sector view, the firm sees advantages for REITs with better positioned balance sheets as the CRE cycle worsens. They said investors should focus on names best positioned for eventual growth. Yield will be an increasingly important component of total return with a focus on names paying
"all-cash" dividends.
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