Andrew Rosivach

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...

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. ...

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...

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...

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...

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...

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...

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...

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...

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...