Janney starts coverage on equity REITs

|By:, SA News Editor

Janney's initiation of Realty Income (O) with a Buy is part of a broad call on the equity REIT sector in which the team sees O as the outperformer.

Medical Properties Trust (MPW), Senior Housing Properties Trust (SNH), and Omega Healthcare (OHI) are all initiated with Holds. The entire group has suffered as rates have shot higher - all are down 20-30% over the last four months.