JP Morgan Analyst Lowers Value Targets On These 4 Standard REITs As Recession Fears Rise


JPMorgan Chase & Co. (NYSE: JPM) is slashing value targets on 4 well-liked actual property funding trusts (REITs) as recession fears proceed to weigh closely available on the market. Whereas REITs are sometimes checked out as a resilient asset class and a hedge in opposition to inflation, the Actual Property Choose Sector SPDR Fund (ARCA: XLRE) is performing proper in step with the SPDR S&P 500 ETF Belief (ARCA: SPY): each down about 21% for the 12 months.

In accordance with information from Benzinga Professional, JPMorgan up to date its scores on the 4 REITs as follows:

Additional House Storage, Inc. (NASDAQ: EXR) obtained an improve from impartial to chubby, however its value goal was lowered from $224 per share to $193 per share.

Brixmor Property Group Inc (NYSE: BRX) obtained an improve from impartial to chubby, with its value goal lowered barely from $27 per share to $25 per share.

Welltower Inc (NYSE: WELL) obtained an improve from impartial to chubby, however its value goal was lowered from $94 per share to $89 per share.

Medical Properties Belief Inc (NYSE: MPW) was downgraded from chubby to impartial and its value goal was lowered from $24 per share to $18 per share, which nonetheless predicts upside of practically 23% over the subsequent 12 months.

Extra on REITs

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