Credit Suisse Initiates Coverage On 34 REITs, Names Top Picks


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Credit Suisse initiated coverage on 34 U.S. REITs Tuesday across the Mall, Shopping Center, Office, Hotels, Industrial and Apartment sectors.

Analysts led by Ian Weissman forecasted “10 percent total returns over the next 12 months (including a 3.0 percent dividend yield), led by Malls (+14 percent), Industrial (12 percent), and Hotels (+10 percent). We see plenty of Alpha for investors with forecasted returns as high as +19 percent (FCE/A) to a low of +1 precent (OFC).”

Weissman was  bullish on REIT fundamentals for 2015 and noted that “strong US macro (notably jobs) should help to drive above average internal growth of 3.7 percent, while robust development pipelines across most property types should help to drive annualized FFO growth of 9 percent through 2016.”

 

Year-to-Date the Dow Jones Equity All REIT Total Return Index (INDEXDJX: REIT) has increased 23 percent.


Below are the firm’s top picks along with price targets.

Forest City Enterprises Inc. (NYSE: FCE.A) $25 price target

Simon Property Group Inc. (NYSE: SPG) $205 price target

Boston Properties, Inc. (NYSE: BXP) $147 price target

Taubman Centers, Inc. (NYSE: TCO) $87 price target

Pebblebrook Hotel Trust (NYSE: PEB) $47 price target

Sunstone Hotel Investors Inc. (NYSE: SHO) $17 price target

LaSalle Hotel Properties (NYSE: LHO) $43 price target

RLJ Lodging Trust (NYSE: RLJ) $35 price target

Prologis Inc. (NYSE: PLD) $46 price target
 
Hudson Pacific Properties Inc. (NYSE: HPP) $31 price target

Kimco Realty Corp (NYSE: KIM) $27 price target


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Price TargetInitiationAnalyst RatingsCredit SuisseFinancialsIan WeissmanSpecialized REIT's