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A few downgrades hit REIT-land

Jul. 18, 2016 9:52 AM ETBlackstone Inc. (BX) StockAIV, LTC, BX, UBA, STAGBy: Stephen Alpher, SA News Editor6 Comments
  • The sector's had a nice run this year as, once again, higher interest rates have failed to materialize. A number of sell-siders are heading to the sidelines today on selected names today.
  • JMP Securities downgrades American Campus Communities (ACC) to Market Perform from Outperform. Citigroup downgrades Aimco (AIV -0.7%) to Neutral from Buy. Mizuho cuts LTC Properties (LTC -1.4%) to Neutral from Buy. Capital One downgrades Stag Industrial (STAG -0.7%) to Equal Weight from Overweight. Deutsche cuts Urstadt Biddle Properties (UBA -0.8%) to Hold from Buy.

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