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JP Morgan analyst screens on 4 popular REITs as recession fears rise

avatarAnalysts Notebookwrote a column06/23 11:26
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$JPMorgan(JPM.US)$ 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.
$Extra Space Storage Inc(EXR.US)$ received an upgrade from neutral to overweight, but its price target was lowered from $224 per share to $193 per share.
$Brixmor Property Group Inc(BRX.US)$ received an upgrade from neutral to overweight, with its price target lowered slightly from $27 per share to $25 per share.
$Welltower Inc(WELL.US)$ received an upgrade from neutral to overweight, but its price target was lowered from $94 per share to $89 per share.
$Medical Properties Trust Inc(MPW.US)$ 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.
Source: Benzinga
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  • 71357620 : Okay wtf the housing market is the second bubble that will pop. inflation from quantitative easing and stimulus was the first the next is the collapse of the real estate due to interest rate increases and no access to loans then the home builders get screwed and the lumber market starts collapsing