This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sector Snap: Offices Get Cut, Hotels Look Good

NEW YORK (AP) ¿ Citigroup is recommending that investors buy up more recovery-oriented real estate investment trusts.

Those include residential and self-storage REITs, as well as lodging operators ¿ riskier stocks to hold in a recession precipitated by a housing crisis and drops in discretionary spending and business travel.

Analyst Michael Bilerman in a research note Friday upgraded two residential REITs. Despite weak employment and a slowly recovering housing sector, he said Equity Lifestyle Properties Inc., which operates common facilities such as clubhouses, swimming pools and golf courses in vacation areas, and UDR Inc., which develops apartment complexes, were appropriate for longterm investors as job losses slow and consumer spending stabilizes.

He upgraded Equity Lifestyle to "Buy" from "Hold" and UDR to "Hold" from "Sell."

Bilerman downgraded apartment property operator Apartment Investment & Management Co. to "Sell" from "Hold," however, saying its stock price is more expensive than other apartment REITs.

Equity Lifestyle rose $2.10, or 5.1 percent, to $43.70; UDR added 53 cents, or 3.6 percent, to $15.18; and Apartment Investment & Management gained 17 cents to $14.27.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ELS $65.65 -0.08%
MAC $74.23 0.47%
UDR $33.31 0.48%
AAPL $93.48 -0.23%
FB $101.54 -0.36%


Chart of I:DJI
DOW 15,869.44 +209.26 1.34%
S&P 500 1,854.96 +25.88 1.41%
NASDAQ 4,314.5590 +47.7220 1.12%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs