Analysts Reduce Ratings on These Financial Sector Shares

Wall St. Watchdog reveals information about companies for which stock analysts downgraded shares in the Financial sector for the week ending November 4th, 2011.

  • Education Realty Trust (NYSE:EDR): JMP Securities downgraded its rating on this company from Mkt Outperform to Mkt Perform on Oct 31st. The shares recently traded at $9.38, up $0.13, or 1.41% since the analyst’s rating. About the company: Education Realty Trust, Inc. is a self-managed and self-advised real estate investment trust. The Company owns, acquires, manages, and selectively develops student housing communities located near university campuses. Get the most recent company news and stock data here >>
  • Hopfed Bancorp, Inc (NASDAQ:HFBC): Hilliard Lyons downgraded its rating on this company from Long-term Buy to Neutral on Oct 31st. The shares recently traded at $6.12, up $0.09, or 1.49% since the analyst’s rating. About the company: Hopfed Bancorp, Inc. is the holding company for Hopkinsville Federal Savings Bank. The Bank attracts deposits from the general public and invests such funds in a variety of loan products and investment securities. Hopkinsville operates in Calloway, Christian, Todd, and Trigg counties in southwestern Kentucky. Get the most recent company news and stock data here >>
  • TCF Financial (NYSE:TCB): Compass Point downgraded its rating on this company from Neutral to Sell and changed its price target from $16 to $9 on Oct 31st. The shares recently traded at $10.96, up $0.32, or 3.01% since the analyst’s rating. About the company: TCF Financial Corporation is a national financial holding company. The Company provides retail and commercial banking services. TCF Financial also offers commercial leasing & equipment and commercial inventory financing. Get the most recent company news and stock data here >>
  • Health Care REIT (NYSE:HCN): Stifel Nicolaus downgraded its rating on this company from Buy to Hold on Oct 31st. The shares recently traded at $50.24, down $1.74, or 3.35% since the analyst’s rating. About the company: Health Care REIT, Inc. is a real estate investment trust. The Trust invests in senior housing and health care real estate. Health Care also provide an extensive array of property management and development services. The trust owns interests in nursing homes, retirement centers, assisted living facilities, and specialty care hospitals. Get the most recent company news and stock data here >>
  • Tortoise Energy Infrastructure (NYSE:TYG): Robert W. Baird downgraded its rating on this company from Outperform to Neutral and changed its price target to $41 on Oct 31st. The shares recently traded at $39.00, down $0.12, or 0.31% since the analyst’s rating. About the company: Tortoise Energy Infrastructure Corporation is a nondiversified, closed-end management investment company. The Company invests primarily in publicly traded master limited partnerships in the energy infrastructure sector. Get the most recent company news and stock data here >>
  • Legg Mason (NYSE:LM): Ticonderoga downgraded its rating on this company from Neutral to Sell and changed its price target to $22 on Nov 1st. The shares recently traded at $27.07, up $1.52, or 5.95% since the analyst’s rating. About the company: Legg Mason, Inc. is a global asset management company. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles. Get the most recent company news and stock data here >>
  • Annaly Capital Mgmt (NYSE:NLY): Ladenburg Thalmann downgraded its rating on this company from Buy to Neutral on Nov 3rd. The shares recently traded at $16.39, up $0.02, or 0.12% since the analyst’s rating. About the company: Annaly Capital Management Inc. is a real estate investment trust which owns and manages assets and funds on behalf of institutional and individual investors worldwide. The Company manages a portfolio of mortgage backed securities, including mortgage pass through certificates, collaterized mortgage obligations, and other securities. Get the most recent company news and stock data here >>
  • Sovran Self Storage (NYSE:SSS): KeyBanc Capital Mkts downgraded its rating on this company from Buy to Hold on Nov 3rd. The shares recently traded at $42.30, down $0.81, or 1.88% since the analyst’s rating. About the company: Sovran Self Storage, Inc. acquires, develops and operates a chain of self storage facilities, operating under the Uncle Bob’s Self Storage trade name. The Company’s facilities offer storage space to customers on a monthly basis. Get the most recent company news and stock data here >>
  • CommonWealth REIT (NYSE:CWH): Stifel Nicolaus downgraded its rating on this company from Hold to Sell on Nov 4th. The shares recently traded at $18.25, up $0.06, or 0.33% since the analyst’s rating. About the company: CommonWealth REIT is a real estate investment trust, or REIT. The Company primarily owns office buildings located in Central Business District and suburban areas of major metropolitan markets in the United States, and has a large concentration of properties leased to the U.S. Government and medical related tenants. CommonWealth also owns industrial lands in Hawaii. Get the most recent company news and stock data here >>

(Note: Selected financial data are sourced from Briefing.com via the Wall St. Journal. All data are assumed to be accurate.)

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