Lehman Brothers Starts Coverage On REITs: AMB, AVB, BXP, GGP, KIM, PLD, REG, SPG, VNO Rated Overweight

July 24, 2008 11:12 AM EDT

Lehman Brothers initiated coverage on a number of REITs today:

Overweight rated:
AMB Property (NYSE: AMB), $55 tgt
Avalonbay Communities (NYSE: AVB), $108 tgt
Boston Properties (NYSE: BXP), $107 tgt
General Growth Properties (NYSE: GGP), $33 tgt
Kimco Realty (NYSE: KIM), $38 tgt
ProLogis (NYSE: PLD), $58 tgt
Regency Centers (NYSE: REG), $64 tgt
Simon Property (NYSE: SPG), $102 tgt
Vornado Realty Trust (NYSE: VNO), $101 tgt

Equal-Weight rated:
Alexandria Real Estate Equities (NYSE: ARE), $107 tgt
Camden Property Trust (NYSE: CPT), $46 tgt
CB Richard Ellis (NYSE: CBG), $21 tgt
Mack-Cali Realty (NYSE: CLI), $38 tgt
Equity Residential (NYSE: EQR), $43 tgt
Essex Property Trust (NYSE: ESS), $123 tgt
Winthrop Realty Trust (NYSE: FUR), $3.50 tgt
Home Properties (NYSE: HME), $54 tgt
Lexington Realty Trust (NYSE: LXP), $14 tgt
Post Properties (NYSE: PPS), $30 tgt
SL Green Realty (NYSE: SLG), $87 tgt
UDR (NYSE: UDR)

Underweight rated:
Apartment Investment & Mgmt (NYSE: AIV), $35 tgt
Brandywine Realty Trust (NYSE: BDN), $13 tgt
CBL & Associates (NYSE: CBL), $20 tgt
Colonial Properties Trust (NYSE: CLP), $19 tgt
Equity One (NYSE: EQR), $43 tgt


Related Categories

New Coverage

Stocks Mentioned

AIV 10.96

+1.10 +11.16%
Volume: 6,158,129
Track AIV

AMB 15.73

+2.58 +19.62%
Volume: 4,908,343
Track AMB

ARE 36.26

+2.67 +7.95%
Volume: 2,001,502
Track ARE

AVB 57.23

+6.95 +13.82%
Volume: 4,736,667
Track AVB

BDN 4.23

+0.50 +13.40%
Volume: 4,267,307
Track BDN

BXP 48.94

+4.45 +10.00%
Volume: 5,693,523
Track BXP

CBG 3.40

+0.18 +5.59%
Volume: 7,561,774
Track CBG

CBL 3.61

+0.38 +11.76%
Volume: 3,618,445
Track CBL

CLI 17.93

+3.25 +22.14%
Volume: 2,978,484
Track CLI

CLP 5.87

+1.58 +36.83%
Volume: 2,908,105
Track CLP

CPT 24.88

+2.45 +10.92%
Volume: 3,049,089
Track CPT

EQR 28.67

+4.82 +20.21%
Volume: 11,694,976
Track EQR

ESS 77.79

+8.36 +12.04%
Volume: 1,408,639
Track ESS

FUR 10.66

+0.43 +4.20%
Volume: 86,104
Track FUR

GGP 0.94

-0.20 -17.54%
Volume: 10,107,279
Track GGP

HME 36.35

+4.66 +14.70%
Volume: 1,323,295
Track HME

KIM 13.93

+2.06 +17.35%
Volume: 16,259,584
Track KIM

LXP 3.89

+0.70 +21.94%
Volume: 2,435,197
Track LXP

PLD 3.20

+0.67 +26.48%
Volume: 22,189,162
Track PLD

PPS 14.62

+2.88 +24.53%
Volume: 1,903,967
Track PPS

REG 32.39

+4.67 +16.85%
Volume: 3,496,598
Track REG

SLG 17.28

+1.95 +12.72%
Volume: 4,394,559
Track SLG

SPG 44.67

+6.67 +17.55%
Volume: 11,794,455
Track SPG

UDR 14.10

+1.85 +15.10%
Volume: 6,517,485
Track UDR

VNO 47.43

+4.36 +10.12%
Volume: 8,016,657
Track VNO


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