Just when the 2022 inflation scare was starting to ebb, Mr. Market is now fretting about a bad recession for 2023. Despite that, many REITs that struggled in 2022 are showing overall strength and have shown improved Q3 operating results. But with so many real estate investment trusts (REITs) to choose from, how do investors know which REITs are the best buys?
Morgan Stanley analyst Adam Kramer downgrades AvalonBay Communities (NYSE:AVB) from Overweight to Equal-Weight and lowers the price target from $225 to $187.
A Bank of America analyst has changed his initial ratings on five real estate investment trusts: three are healthcare REITs and two are residential REITs.
Keybanc cut PayPal Holdings, Inc. (NASDAQ: PYPL) price target from $115 to $100. . Keybanc analyst Josh Beck maintained the stock with an Overweight rating. PayPal shares rose 1.1% to $76.02 in pre-market trading.
Piper Sandler analyst Alex Goldfarb downgrades AvalonBay Communities (NYSE:AVB) from Neutral to Underweight and lowers the price target from $189 to $160.