3 REITs With Upgrades To Start The Week
Portfolio Pulse from Ethan Roberts
Three REITs, DigitalBridge Group Inc. (DBRG), Clipper Realty Inc. (CLPR), and Equity Residential (EQR), have received analyst upgrades this week. Keefe, Bruyette & Woods upgraded DBRG to Outperform with a target price of $17.50, Raymond James upgraded CLPR to Outperform with a target price of $7, and BMO Capital Markets upgraded EQR to Market Perform with a target price of $64.
June 06, 2023 | 2:57 pm
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POSITIVE IMPACT
Clipper Realty Inc. upgraded to Outperform by Raymond James with a target price of $7, representing a potential gain of 23%.
The upgrade to Outperform and the target price increase to $7 by Raymond James analyst Buck Horne is likely to have a positive short-term impact on CLPR's stock price. The potential gain of 23% from its recent closing price of $5.69 indicates a bullish outlook for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
DigitalBridge Group Inc. upgraded to Outperform by Keefe, Bruyette & Woods with a target price of $17.50, representing a potential gain of 36%.
The upgrade to Outperform and the target price increase to $17.50 by Keefe, Bruyette & Woods analyst Jade Rahmani is likely to have a positive short-term impact on DBRG's stock price. The potential gain of 36% from its recent closing price of $12.84 indicates a bullish outlook for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Equity Residential upgraded to Market Perform by BMO Capital Markets with a target price of $64, representing a potential gain of 1.4%.
The upgrade to Market Perform and the target price increase to $64 by BMO Capital Markets analyst John Kim is likely to have a positive short-term impact on EQR's stock price. The potential gain of 1.4% from its recent closing price of $63.09 indicates a slightly bullish outlook for the stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100