Equity REITs draw sell-side action

|By:, SA News Editor

The upgrades: Brandywine Realty Trust (BDN +0.8%) and Federated Realty Investment (FRT +0.4%) to Buy at ISI, CommonWealth REIT (CWH +0.3%) to Hold and Liberty Property Trust (LRY +2%) to Buy at Stifel, Extra Storage Space (EXR +1.7%) to Hold at BMO (BMO earlier downgraded PSA), and American Realty Capital (ARCP +0.3%) to Buy at CapitalOne.

The downgrades: Cedar Realty Trust (CDR -0.5%) to Sell at BAML, and Parkway Properties (PKY -1.4%) to Sell at Citi.