Goldman Lowers Its View On Retail REITS


27% profit every 20 days?

This is what Nic Chahine averages with his option 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.


Goldman Sachs has downgraded the sector view of Retail REITs to Neutral from Attractive, and downgraded WP Glimcher Inc (NYSE: WPG) to Neutral on lower earnings and comps.

“Overall, we now see a more balanced outlook for Retail REITs and lower our coverage view to Neutral from Attractive,” analyst Andrew Rosivach wrote in a note.

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Following are Goldman’s rating and price targets on various REITs:

Company

Rating

Price Target

Simon Property Group Inc (NYSE: SPG)

Buy

$236

Tanger Factory Outlet Centers Inc. (NYSE: SKT)

Buy

$45

Taubman Centers, Inc. (NYSE: TCO)

Neutral

$79

Macerich Co (NYSE: MAC)

Neutral

$90

General Growth Properties Inc (NYSE: GGP)

Neutral

$32

CBL & Associates Properties, Inc. (NYSE: CBL)

Neutral

$10

WP Glimcher Inc (NYSE: WPG)

Neutral

$12

Kimco Realty Corp (NYSE: KIM)

Neutral

$29

DDR Corp (NYSE: DDR)

Neutral

$19

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27% profit every 20 days?

This is what Nic Chahine averages with his option 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.


Posted In: Analyst ColorREITDowngradesPrice TargetReiterationAnalyst RatingsReal EstateAndrew RosivachGoldman SachsRetail REITs