BofA bullish on three REITs


The team launches coverage today with Buys on American Realty Capital (ARCP -0.4%), Ashford Hospitality Prime (AHP +2%), and Physicians Realty Trust (DOC +0.7%).

In one other REIT coverage initiation, Jefferies starts Brookdale Senior Living (BKD -0.4%) with a Buy and $40 price target. Last week, Fortress Investment sold another large chunk of its stake in the company.

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Comments (7)
  • Rudester
    , contributor
    Comments (3452) | Send Message
     
    Maybe this announcement will stop the bleeding (ARCP).
    2 Jun 2014, 11:29 AM Reply Like
  • wam350
    , contributor
    Comments (173) | Send Message
     
    Let's hope so, long ARCP.
    2 Jun 2014, 11:35 AM Reply Like
  • Stock Market Mike
    , contributor
    Comments (3738) | Send Message
     
    Seems like a better plan is buying ARCP's spinoffs.

     

    http://seekingalpha.co...

     

    Here's another: NYRT
    2 Jun 2014, 11:46 AM Reply Like
  • Stock Market Mike
    , contributor
    Comments (3738) | Send Message
     
    NYRT is up ~$1 in the days since I mentioned it - almost 10%...

     

    -Mike
    7 Jun 2014, 09:56 PM Reply Like
  • AlbionWood
    , contributor
    Comments (959) | Send Message
     
    Just a hunch: BAC picked up some of those $12 shares of $ARCP in the recent offering.
    2 Jun 2014, 12:19 PM Reply Like
  • hldemfldem
    , contributor
    Comments (18) | Send Message
     
    arcp management priced their recent offering too "low"-price has gone from the l4's to l3's and now l2's. still holding on for the long haul, and hopefully profitable
    dividends and prices.
    Management PLEASE think of your shareholders, in your decision making.
    2 Jun 2014, 12:37 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (3738) | Send Message
     
    The offering shook confidence. I suspect it'll take a while to recover from that...

     

    -Mike
    7 Jun 2014, 09:56 PM Reply Like
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