Real Estate Winners and Losers: AMB Property

Recent selloffs in stocks of AMB Property (AMB Quote) and Duke Realty (DRE Quote) have made them more attractive buys, an analyst who upgraded the stocks said Monday.

The companies, which own and develop industrial real estate, were upgraded to "hold" from "sell" by Citi Investment Research analyst Michael Bilerman.

Progress is being made on asset sales and refinancing, he said, but raised his risk rating to "speculative" on both stocks to reflect the difficulty of raising capital in the current economy.

Shares of AMB Property rose 15.3% to $13.89, while Duke Realty stock gained 15.6% to $5.71....