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Goldman Sachs Cites Unfavorable Macro Trends In Education Realty Trust Downgrade
Wednesday, May 16, 2018 - 1:53pm | 350Read More...Education Realty Trust, Inc. (NYSE: EDR), a REIT focused on owning and managing collegiate housing communities located near university campuses, faces unfavorable macro trends ahead that puts an end to Goldman Sachs' bullish stance on the stock. The Analyst Goldman's Andrew Rosivach...
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Goldman Sachs Expands Commercial Real Estate Broker Coverage, Says CBRE, Newmark Are Names To Own
Tuesday, April 3, 2018 - 3:38pm | 662Read More...Goldman Sachs recommends equal-weighting the commercial real estate broker sector versus the S&P 500 and REITs, and cited secular trends supporting the sector, tough comps in debt placement by 2019, strong earnings execution, and valuation as the reasons why in a Tuesday report. ...
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Goldman Sachs: For Paramount Group, Improving Micro Conditions Balance Macro Challenges
Tuesday, February 6, 2018 - 3:20pm | 342Read More...Paramount Group Inc (NYSE: PGRE) shares have sold off steeply since late last year, and consequently are trading at a wider discount to peers versus their historical average, according to Goldman Sachs. The Analyst Analyst Andrew Rosivach upgraded shares of Paramount Group from Sell to...
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The Bull And Bear Cases For Hudson Pacific Properties
Monday, November 20, 2017 - 3:27pm | 325Read More...Hudson Pacific Properties Inc (NYSE: HPP) reported in-line earnings results Nov. 2 and the stock has rallied around 5 percent since the event. The Analyst Goldman Sachs' Andrew Rosivach downgraded Hudson Pacific Properties from Buy to Hold and reduced the price target from $39 to $36.50...
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Goldman On REITs: Buy SL Green, Sell Paramount Group
Thursday, June 22, 2017 - 10:34am | 409Read More...Despite employment numbers at more than a 10-year high, investors should think twice about investing in office REITs. Cooling in demand coupled with cyclical highs in supply means investors will need to be extremely selective in the office REIT space, according to Goldman Sachs analyst Andrew...
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Public Storage Gets A Boost As Goldman Sachs Removed Co. From Its Sell List
Monday, October 31, 2016 - 9:35am | 356Read More...Citing stabilizing revenue growth and attractive valuation, Goldman Sachs has upgraded Public Storage (NYSE: PSA) shares to Neutral from Sell and raised its price target by $10 to $220, implying a total return of 12 percent. “Two factors support the view that PSA’s same store growth...
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Tanger Factory Outlet Removed From Goldman's Americas Buy List, Downgraded To Neutral Citing Slowing Growth & Increased Expansion Risks
Wednesday, October 26, 2016 - 12:10pm | 321Read More...Tanger Factory Outlet Centers Inc’s (NYSE: SKT) tenant risk has expanded beyond department stores, Goldman Sachs’ Andrew Rosivach said in a report. He downgraded the rating on the company from Buy to Neutral, while reducing the 12-month price target from $44 to $40. Analyst Rosivach...
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Bullish On Retail REITs, Goldman's Watching Q3 Re-Leasing Spreads And Management Commentary
Tuesday, October 25, 2016 - 2:10pm | 409Read More...The retail REIT Q3 earnings season kicks off on Tuesday, and shareholders are hoping for some strong numbers following a rough couple of months for REITs. Goldman Sachs analyst Andrew Rosivach said the firm will be watching re-leasing spreads and management commentary this quarter. Goldman will be...
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Buy Taubman Centers On Mall Portfolio Strength, According To Goldman Sachs
Wednesday, September 28, 2016 - 7:44am | 300Read More...Goldman Sachs has upgraded Taubman Centers, Inc. (NYSE: TCO) to Buy from Neutral on outlook and global pipeline. "[W]e believe 1) the company can outperform peers in terms of fewer store closings as traditional retailers retrench; and (2) the prospects for the current development pipeline (focused...
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Goldman Lowers Its View On Retail REITS
Friday, July 15, 2016 - 10:36am | 591Read More...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...
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HCP Gets Bullish Commentary From Goldman Sachs
Friday, July 8, 2016 - 8:20am | 269Read More...HCP, Inc. (NYSE: HCP) announced plans of a tax-free spinoff of its skilled nursing portfolio. Goldman Sachs’ Andrew Rosivach upgraded the rating on the company from Sell to Neutral, while raising the price target from $26 to $36. The analyst commented that the spinoff would result in an...
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Goldman Removes Simon Property From 'Conviction Buy' List
Monday, June 13, 2016 - 8:32am | 264Read More...Shares of Simon Property Group Inc (NYSE: SPG) have underperformed the markets in recent months. Goldman Sachs’ Andrew Rosivach maintained a Buy rating for the company, while reducing the price target from $243 to $236 and removing the stock from the Conviction List. Simon Property’...
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Public Storage Downgraded To Sell By Goldman Sachs On Limited Upside
Monday, April 25, 2016 - 6:42am | 287Read More...Public Storage (NYSE: PSA) shares are trading at a premium to peers, although the company’s growth is likely to come under pressure. Goldman Sachs’ Andrew Rosivach downgraded the rating for the company from Neutral to Sell, while maintaining the price target at $244. The analyst...
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Goldman Gives Big Boost To Retail REITs, Warns Investors Not To Overlook These 5 Reasons To Buy
Wednesday, April 20, 2016 - 2:13pm | 604Read More...Goldman Sachs has upgraded Retail REITs to Attractive, saying that investors are overlooking five misconceptions. The brokerage recommends Buy-rated Simon Property Group Inc (NYSE: SPG) and Tanger Factory Outlet Centers Inc. (NYSE: SKT) in the sector. Retail REITs (Real Estate Investment Trusts...
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Goldman's Least Favorite REITs: Bigger Isn't Better
Friday, March 25, 2016 - 8:28am | 333Read More...In a new report, Goldman Sachs analyst Andrew Rosivach combines healthcare REITs and triple net REITs into a single “net lease” category. Overall, Goldman maintains a neutral outlook for the 10 names in the category, but believes that REITs with smaller balance sheets represent the...
