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