Home Properties and Equity LifeStyle Properties downgraded at Citi


Citigroup cashes in its chips on a couple of real estate plays after nice runs this year, removing Buy ratings on Home Properties (HME) and Equity LifeStyle Properties (ELS).

Comments (1)
  • pamb13
    , contributor
    Comments (9) | Send Message
     
    Could it be that it is finally being seen that these REIT's can only increase the rents unjustifiably so high and then it backfires because vacancy increases?
    28 Mar 2014, 05:50 AM Reply Like
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