REIT Winners & Losers: Regency Centers

Updated from 3:03 p.m. EST

NEW YORK -- Shares of real estate investment trusts were mixed Tuesday, after a Goldman Sachs analyst said he remains cautious on the sector and made several ratings changes.

In a note to clients, analyst Jonathan Habermann forecast further downside to the shares of several REITs, citing ongoing challenges in the commercial real estate lending environment.

"As long as the credit markets remain tight, several REITs may be forced to sell assets at sharply reduced pricing, cut their dividends as many have already, and issue new common shares to de-leverage," Habermann wrote. ...