Goldman Sachs Upgraded REITs UDR, Inc. (UDR) and Brookfield Properties (BPO) to Buy

October 28, 2009 8:34 AM EDT

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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BPO 11.51

-0.02 -0.17%
Volume: 2,470,325
Track BPO

UDR 14.91

-0.21 -1.39%
Volume: 1,615,151
Track UDR


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