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Goldman Lowers Its View On Retail REITS

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Goldman Lowers Its View On Retail REITS

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.

Related Link: Traditional Retail Struggles To Convince Shoppers To Visit Physical Stores

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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Latest Ratings for CBL

DateFirmActionFromTo
May 2019BTIGUpgradesSellNeutral
Aug 2018Bank of AmericaMaintainsUnderperformUnderperform
Aug 2018BTIG ResearchDowngradesNeutralSell

View More Analyst Ratings for CBL
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Posted-In: Andrew RosivachAnalyst Color REIT Downgrades Price Target Reiteration Analyst Ratings Real Estate Best of Benzinga

 

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