Tuesday, April 28, 2009
Busy Day For REIT Analysts
Posted by Tyler Durden at 4:39 PM
Or at least for the ones that are still getting paid. Two more price target increases courtesy of Merrill Lynch, first SL Green, which "beat on one-time items", and second for AMB, which is "well positioned to weather the storm." With all the ML equity raises done on the past 3 weeks, aren't all REITs perfectly positioned to weather the storm? Oh wait, now that they will all survive post 2010, you will instead see a massive race to the bottom chasing the 3 retail tenants that have not gone bankrupt yet. About as smart as sneezing in the rush hour 6 train.

Who knows, maybe one can squeeze out a few last nickels out of this REIT rally.