- AvalonBay (NYSE:AVB), Prologis (NYSE:PLD) and Ryman Hospitality (NYSE:RHP) are raised from Neutral thanks to a promising growth outlook, according to Citi analyst Michael Bilerman.
- Bilerman sees an average 15% upside on the three stocks, with AvalonBay (PT $190) standing out on cheapness, Prologis' (PT $71.5) growth coming from Europe, and Ryman (PT $86) monetizing its edge in the 1000+ room hotel market.
- Source: Bloomberg
Citi upgrades three REITs to Buy
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Symbol | Last Price | % Chg |
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AVB | - | - |
AvalonBay Communities, Inc. |