Mizuho with two post-election REIT picks, and one pan

• The REIT sector is mostly sharply in the red today as the 10-year Treasury yield soars to its highest level since January. Fading that move, though, are Alexandria Real Estate Properties (ARE +1.3%) and Corporate Office Properties Trust (OFC +3.6%).
• Mizuho's Richard Anderson likes both in the wake of the election. For Alexandria, Clinton's exit from the scene should ease drug pricing worries. For OFC, the potential for boosted defense spending would be a "support mechanism" for strategic business lines.
• One to avoid is Realty Income (O -5.7%), says Anderson, noting the company's interest rate exposure and highest valuation among triple-net REITs.