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Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits
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Six trends shaping the industries and sectors we cover in 2021
15 Jan, 2021 Author Saadoon MinhasJake Mooney
S&P Global Market Intelligence offers our top picks of real estate news stories and more published throughout the week.
After an uninspiring year for real estate investment trust stocks in 2020, analysts took divergent views on the outlook for the sector in the coming year.
Analysts at Mizuho Securities USA, Janney Montgomery Scott and Jefferies all noted in forecasts that generalist and retail investors turned cool on REITs in 2020, seeing more attractive growth in other industries. The teams differed in their views of 2021, though, based in part on their expectations for interest rate movement.
While a couple of large Jacksonville companies entered 2021 with initial public offerings pending, several smaller firms also filed plans for stock sales late last year.
The latest is a company called Van Zant House Inc., owner of a Westside Jacksonville property where brothers Ronnie, Johnny and Donnie Van Zant grew up.
It’s an iconic site for Southern Rock music fans. Ronnie was a founder and lead singer of Lynyrd Skynyrd, who died with five others in 1977 when the band’s plane crashed in Mississippi.
When the band reformed 10 years later, his younger brother Johnny took over as lead singer.