With real estate investment trusts (REITs) showing strength following the Federal Reserve's recent announcement of three possible rate cuts in 2024, analysts are scurrying to update their ratings on REITs. A positive start to the week was solidified by two analysts at JP Morgan upgrading six REITs from a cross-section of REIT subsectors. All six REITs were upgraded from Neutral to Overweight. Take a look at the six REITs receiving upgrades this week. EPR Properties (NYSE:EPR) is a Kansas City, M
A diversified tenant base, accretive buyouts and solid balance sheet strength bode well for Realty Income (O). However, higher e-commerce adoption and high interest rates are key concerns.
Texas Permanent School Fund Corp reduced its position in shares of Tanger Factory Outlet Centers, Inc. (NYSE:SKT – Free Report) by 1.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,385 shares of the real estate investment trust’s stock after selling […]