Market Overview

UPDATE: Compass Point Upgrades Home Properties on Attractive Risk/Reward

Related HME
Bank Of America Sees Home Properties, Inc. As Positioned To Outperform Next Year
Morgan Stanley's 5 REIT Stocks To Underweight: A Close Look

Compass Point raised its rating on Home Properties (NYSE: HME) from Sector Perform to Underperform.

Compass Point commented, "In a decelerating earnings environment that will face tougher comps in 2013, HME should be insulated from pressure on rental rates from both new supply and single-family homebuying pressures. Our slightly increased price target represents a 21% total return from current levels after factoring in the 4% dividend yield, and represents the highest risk-adjusted total return in our apartment REIT coverage universe. The addition of $1 to our price target plus the 5% selloff in the stock since our early August downgrade equates to 21% total return potential from current levels, up from 13% just a few months ago."

Home Properties closed at $61.54 on Monday.

Latest Ratings for HME

DateFirmActionFromTo
Aug 2014Mizuho SecuritiesInitiates Coverage onNeutral
Aug 2014CitigroupMaintainsNeutral
Jul 2014BarclaysMaintainsEqualweight

View More Analyst Ratings for HME
View the Latest Analyst Ratings

Posted-In: Compass PointAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (HME)

Around the Web, We're Loving...

Get Benzinga's Newsletters