JP Morgan analyst screens on 4 popular REITs as recession fears rise
$JPMorgan(JPM.US)$ is screening four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market. While REITs are often looked at as a resilient asset class and a hedge against inflation, the $Real Estate Select Sector Spdr Fund (The)(XLRE.US)$ is performing right in line with the $SPDR S&P 500 ETF(SPY.US)$: both down about 21% for the year.
• $Medical Properties Trust Inc(MPW.US)$ was downgraded from overweight to neutral and its price target was lowered from $24 per share to $18 per share, which still predicts upside of nearly 23% over the next 12 months.
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