A Tough Week For REITs Amid More Downgrades And Fed Talk
Portfolio Pulse from Ethan Roberts
Several real estate investment trusts (REITs) have been downgraded by analysts due to various factors. Braemar Hotels & Resorts (BHR) was downgraded by B. Riley Securities due to weakening RevPAR. Easterly Government Properties (DEA) was downgraded by RBC Capital Markets due to pressure on the dividend. Kimco Realty Corp. (KIM) was downgraded by Goldman Sachs due to limited FFO growth. Tanger Factory Outlet Centers (SKT) was downgraded by Goldman Sachs due to limited upside. SL Green Realty Corp. (SLG) was downgraded by BMO Capital due to incremental positive catalysts. Invitation Homes (INVH) was downgraded by BTIG due to a potential slowdown in the single-family residential market.
August 19, 2023 | 5:08 pm
News sentiment analysis
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NEGATIVE IMPACT
Braemar Hotels & Resorts was downgraded by B. Riley Securities due to weakening RevPAR.
The downgrade by B. Riley Securities due to weakening RevPAR could negatively impact the stock price of Braemar Hotels & Resorts in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Easterly Government Properties was downgraded by RBC Capital Markets due to pressure on the dividend.
The downgrade by RBC Capital Markets due to pressure on the dividend could negatively impact the stock price of Easterly Government Properties in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Invitation Homes was downgraded by BTIG due to a potential slowdown in the single-family residential market.
The downgrade by BTIG due to a potential slowdown in the single-family residential market could negatively impact the stock price of Invitation Homes in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Kimco Realty Corp. was downgraded by Goldman Sachs due to limited FFO growth.
The downgrade by Goldman Sachs due to limited FFO growth could negatively impact the stock price of Kimco Realty Corp. in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tanger Factory Outlet Centers was downgraded by Goldman Sachs due to limited upside.
The downgrade by Goldman Sachs due to limited upside could negatively impact the stock price of Tanger Factory Outlet Centers in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SL Green Realty Corp. was downgraded by BMO Capital due to incremental positive catalysts.
The downgrade by BMO Capital due to incremental positive catalysts could negatively impact the stock price of SL Green Realty Corp. in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100