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Why BofA Is Bullish On Simon Property Group
Wednesday, August 4, 2021 - 5:14pm | 376Read More...A strong second-quarter fueled by robust leasing activity and accelerating cash flow has turned Bank of America analysts bullish on Simon Property Group, Inc. (NYSE: SPG). The Simon Property Analyst: Craig Schmidt upgraded Simon Property Group from Neutral to Buy and increased the price target...
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BofA's 7 REIT Takeaways: Why Grocer-Anchored Strip Malls Are A Highlight
Thursday, March 11, 2021 - 1:04pm | 372Read More...Many real estate investment trusts offered 2021 funds from operations guidance this earnings season, and this will serve as a "key confidence booster" for the industry, according to BofA Securities. The REIT Analyst: Craig Schmidt commented on the broader REIT sector. The REIT...
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BofA Downgrades Simon Property Amid Unprecedented Challenges In Retail
Tuesday, April 14, 2020 - 12:55pm | 317Read More...Simon Property Group Inc (NYSE: SPG) and its mall peers are likely to face unprecedented challenges and uncertainties even when the world reopens after the lockdowns, according to BofA Securities. The Simon Property Group Analyst Craig Schmidt downgraded Simon Property from Buy to Neutral,...
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BofA: Concerns For Kimco Realty In 2018, 2019 Justify Downgrade
Friday, February 16, 2018 - 1:49pm | 334Read More...Kimco Realty Corp (NYSE: KIM) reported fourth-quarter results Thursday. Despite a top-and-bottom-line beat in the report, at least one Wall Street analyst is projecting multiple concerns for the REIT. The Analyst Bank of America's Craig Schmidt downgraded Kimco Realty's stock...
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BofA: 3 Possible Reasons For Tough Kite Realty Guidance
Friday, February 2, 2018 - 2:36pm | 349Read More...The shopping center REIT Kite Realty Group Trust (NYSE: KRG) posted fourth-quarter results Thursday that prompted Bank of America Merrill Lynch to downgrade the stock. The Analyst Bank of America's Craig Schmidt downgraded Kite Realty's stock rating from Buy to Neutral with a...
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Bank of America Upgrades DDR Corp On Valuation & Power Center Strategy
Monday, August 10, 2015 - 1:46pm | 858Read More...On August 6, Bank of America/Merrill Lynch analyst Craig Schmidt published a research note upgrading shopping center REIT DDR Corp. (NYSE: DDR) from Neutral to Buy and increased his DDR price target by 5.5 percent. The DDR management team has been focused on upgrading the quality of its...
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UPDATE: Bank Of America Upgrades Regency Centers On Valuation & Competitive Advantages
Thursday, December 4, 2014 - 8:42am | 182Read More...In a report published Thursday, Bank of America analyst Craig Schmidt upgraded the rating on Regency Centers Corp (NYSE: REG) from Neutral to Buy, and raised the price target from $62.00 to $67.00. In the report, Bank of America noted, “We are upgrading Regency Centers (REG) to Buy from Neutral...
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Bank Of America: Malls Underperforming, Strips Outperforming In Q3
Monday, November 17, 2014 - 12:37pm | 134Read More...Craig Schmidt of Bank of America reviewed how REITs and malls performed in the third quarter. According to the analyst, mall earnings mostly met or exceeded expectations for the third quarter while five of the seven mall REITs the analyst covers raised their guidance and the other two lowered...
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UPDATE: Bank Of America Downgrades Inland Real Estate Corporation On Valuation
Tuesday, October 21, 2014 - 10:29am | 121Read More...In a report published Tuesday, Bank of America analyst Craig Schmidt downgraded the rating on Inland Real Estate Corporation (NYSE: IRC) from Neutral to Underperform, but reiterated the $10.25 price target. In the report, Bank of America noted, “We are downgrading IRC from Neutral to Underperform...
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UPDATE: Bank of America Downgrades Cedar Realty Trust on Valuation
Tuesday, December 17, 2013 - 10:24am | 112Read More...In a report published Tuesday, Bank of America analyst Craig Schmidt downgraded the rating on Cedar Realty Trust (NYSE: CDR) from Neutral to Underperform, but reiterated the $5.75 price target. In the report, Bank of America noted, “We are downgrading Cedar Realty Trust (CDR) to Underperform from...
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UPDATE: Bank of America Initiates Coverage on Brixmor Property Group on Solid Growth Prospects
Monday, December 9, 2013 - 1:11pm | 136Read More...In a report published Monday, Bank of America analyst Craig Schmidt initiated coverage on Brixmor Property Group (NYSE: BRX) with a Buy rating and $22.50. In the report, Bank of America noted, “We initiate coverage on Brixmor Property Group (BRX) with a Buy rating and a $22.50 price objective. BRX...
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UPDATE: Bank of America Upgrades General Growth Properties on Valuation, Strong Growth Trends
Friday, November 1, 2013 - 9:15am | 138Read More...In a report published Friday, Bank of America analyst Craig Schmidt upgraded the rating on General Growth Properties (NYSE: GGP) from Neutral to Buy, and raised the price target from $22.50 to $25.00. In the report, Bank of America noted, “We upgrade General Growth Properties (GGP) to Buy from...
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UPDATE: Bank of America Downgrades Taubman Centers on Lack of Near-Term Catalysts
Friday, November 1, 2013 - 9:15am | 131Read More...In a report published Friday, Bank of America analyst Craig Schmidt downgraded the rating on Taubman Centers (NYSE: TCO) from Buy to Neutral, and lowered the price target from $80.00 to $72.00. In the report, Bank of America noted, “Taubman Centers (TCO) has significantly underperformed mall REIT...
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UPDATE: Bank of America Downgrades Excel Trust on Valuation
Friday, August 9, 2013 - 8:52am | 147Read More...In a report published Friday, Bank of America analyst Craig Schmidt downgraded Excel Trust (NYSE: EXL) from Neutral to Underperform, and lowered the price target from $14.00 to $13.00. In the report, Bank of America noted, “We downgrade Excel Trust (EXL) to Underperform from Neutral and lower...
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UPDATE: Bank of America Upgrades Kimco Realty on Multiple Positive Factors
Friday, August 9, 2013 - 8:49am | 135Read More...In a report published Friday, Bank of America analyst Craig Schmidt upgraded Kimco Realty (NYSE: KIM) from Neutral to Buy, and raised the price target from $25.50 to $26.00. In the report, Bank of America noted, “We are upgrading Kimco Realty (KIM) from Neutral to Buy based on the following...
