-
Recent Underperformance Leaves Education Realty Trust Stock At An Attractive Price
Wednesday, October 5, 2016 - 3:38pm | 274Read More...Citi upgraded Education Realty Trust, Inc. (NYSE: EDR) to Buy from Neutral as the underperformance has left shares trading at an attractive relative valuation versus American Campus Communities, Inc. (NYSE: ACC) and the multifamily sector. "We view the risks as tilted to the upside and see...
-
Citi Upgrades 'Attractively Valued' Life Storage To Buy
Friday, September 9, 2016 - 9:15am | 342Read More...Citi’s Michael Bilerman believes Life Storage Inc (NYSE: LSI) is attractively valued, having moved from recent lows and with the potential of total returns of over 15 percent from the current levels. Bilerman upgraded the rating on the company from Neutral to Buy, while raising the price...
-
Did You Know There's A Student Housing REIT?
Wednesday, September 7, 2016 - 9:06am | 328Read More...Education Realty Trust, Inc. (NYSE: EDR), a little-known company among investors, is a $3.4 billion student housing real estate investment trust (REIT). On Wednesday, Michael Bilerman of Citi Research initiated coverage of the stock with a Neutral rating and $46 price target. According to Bilerman...
-
With Overhang Gone, Citi Upgrades Brixmor Property Group To Buy
Friday, August 12, 2016 - 8:38am | 311Read More...With Blackstone Group LP (NYSE: BX) having completed the sale of its remaining 14 percent stake in Brixmor Property Group Inc (NYSE: BRX), Citi’s Michael Bilerman noted that an overhang on the latter’s stock had been eliminated. Bilerman upgraded the rating on Brixmore Property from...
-
Citi Downgrades Aimco To Neutral, Cautious Going Into Earnings
Monday, July 18, 2016 - 11:53am | 302Read More...With Apartment Investment and Management Co (NYSE: AIV) ("Aimco") shares having appreciated 20 percent since mid-December 2015, the stock has outperformed REITs and apartments, and Citi’s Michael Bilerman believes the valuation is now less attractive. Bilerman downgraded the rating on the...
-
Hedge Funds Love These 3 REITs
Tuesday, September 15, 2015 - 3:54pm | 384Read More...A new Citi Research report looked at REIT ownership trends over the past year. Hedge funds account for about 4 percent of total REIT ownership. Hedge funds have remained mostly neutral in their REIT allocation over the past year. Citi Research recently released a huge report that took an in-depth...
-
5 REIT Trends Worth Watching
Tuesday, September 15, 2015 - 3:08pm | 412Read More...A new Citi Research report looked at REIT ownership trends over the past year. Citi identified five keys to a bullish outlook for REITs. REIT ETFs are a great way to gain diversified exposure in the space. Citi Research recently released a huge report that took an in-depth look into trends in...
-
The Top REITs That Mutual Funds Are Buying And Selling
Tuesday, September 15, 2015 - 10:48am | 487Read More...A new Citi Research report looks at REIT ownership trends in the past year. Mutual funds account for more than a third of total REIT ownership. Both general mutual funds and REIT-specific funds made major positional adjustments in the past year. Citi Research recently released a huge...
-
3 Top Picks Emerge From Citigroup's Overall Bullish Outlook For REITs
Tuesday, July 7, 2015 - 7:31am | 756Read More...Last week, Citigroup published a 100-page research report looking back at 1H 2015 REIT performance and forecasting how real estate investment trusts (REITs) are likely going to perform moving forward. The rate "tug-of-war" shown in the chart below, provided the backdrop for a brief bear case REIT...
-
Citi Previews REITWeek, Along With Some Other REIT Trends
Tuesday, June 9, 2015 - 9:44am | 923Read More...OCiti Research analyst Michael Bilerman and his team on Monday published a report focused on the REIT industry "big picture" one day before the kick-off of NAREIT Investor Forum to be held in NYC June 9 - June 11, 2015. Citi noted that after starting off the year with a 10 percent pop...
-
Citigroup Sees Marriott International Benefiting From U.S. Growth, Hikes Price Target
Monday, December 15, 2014 - 11:17am | 144Read More...Michael Bilerman of Citigroup on Monday maintained a Buy rating on Marriott International Inc (NASDAQ: MAR) with a price target raised to $88 from a previous $76. As U.S. growth in the hotel space will outpace international markets. Marriott International will benefit from a 4 percent to 6...
-
UPDATE: Citigroup Reiterates On Acadia Realty Trust On Model Update
Tuesday, May 6, 2014 - 7:47am | 107Read More...In a report published Tuesday, Citigroup analyst Michael Bilerman reiterated a Neutral rating on Acadia Realty Trust (NYSE: AKR), and raised the price target from $27.00 to $28.00. In the report, Citigroup noted, “Following 1Q earnings, we are raising our 2014 and 2015 FFO estimates by $0.02 to $1...
-
UPDATE: Citigroup Reiterates, But Lowers PT on CBL & Associates Properties on Model Update Following 3Q Earnings
Monday, December 2, 2013 - 10:33am | 125Read More...In a report published Monday, Citigroup analyst Michael Bilerman reiterated a Neutral rating on CBL & Associates Properties (NYSE: CBL), but lowered the price target from $23.50 to $21.50. In the report, Citigroup noted, “Following 3Q earnings, our 2013 FFO estimate decreases from $2.23 to $2....
-
UPDATE: Citigroup Reiterates on Vornado Realty Trust Following Model Update
Thursday, November 21, 2013 - 11:43am | 122Read More...In a report published Thursday, Citigroup analyst Michael Bilerman reiterated a Buy rating on Vornado Realty Trust (NYSE: VNO), and raised the price target from $91.00 to $100.00. In the report, Citigroup noted, “We rate shares of VNO Buy. Vornado's portfolio is concentrated in New York and...
-
UPDATE: Citigroup Reiterates on Liberty Property Trust as Consensus for 2014 Seems Aggressive
Wednesday, November 20, 2013 - 11:25am | 202Read More...In a report published Wednesday, Citigroup analyst Michael Bilerman reiterated a Neutral rating on Liberty Property Trust (NYSE: LRY), but lowered the price target from $40.00 to $36.00. In the report, Citigroup noted, “Coming out of NAREIT, we are reducing our FFO estimates for Liberty to reflect...
