As of Oct. 1, these are the leading Wall Street analysts’ opinions on the real estate investment trusts (REITs) they follow:
Terreno Realty Corp. TRNO is downgraded by Scotiabank’s Sumit Sharma from sector outperform to sector perform with price target reduction from $73 to $54. BTIG analyst Thomas Catherwood maintains a buy rating on Terreno but lowers his price target from $94 to $74.
CubeSmart CUBE receives a buy rating at UBS Group AG where analyst Michael Goldsmith initiates coverage with a price target of $45.
Life Storage Inc. LSI gets a neutral rating from UBS. Goldsmith begins coverage of the REIT and sets a price target of $145.
National Storage Affiliates Trust NSA also receives a neutral rating from UBS’s Goldsmith and establishes $43 as the price target.
Prologis Inc. PLD is determined by BTIG’s Catherwood to be worthy of a buy rating, which is now maintained with a lowered price target: from $193 to $152. Morgan Stanley analyst Ronald Kandem reinstates Prologis as overweight and sets a price target of $120. Scotiabank’s Nicholas Yulico upgrades the REIT from sector perform to sector outperform and lowers his price target from $137 to $116.
Indus Realty Trust Inc. INDT is maintained with a buy rating by BTIG’s Catherwood but with the price target reduced from $91 to $72.
EastGroup Properties Inc. EGP is another REIT maintained as a buy by BTIG’s Catherwood. He lowers his price target from $248 to $198. Morgan Stanley analyst Kandem gives an equal weight rating to EastGroup with a price target reduced from $195 to $150.
Sun Communities Inc. SUI is maintained as a market outperform by JMP Securities analyst Aaron Hecht, who lowers his price target from $200 to $160.
Not investment advice. For educational purposes only.
This article was originally published on Benzinga
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Enter your email address to be the first to know about new offerings for real estate, startups and other alternative investments with strong potential returns.