National Health Investors Removed From Priority List and 4 Stock Analyses to Track
Extra Space Storage Inc. (NYSE:EXR): Current price $37.98
Wells Fargo upgraded the Self Storage REIT group from Market Weight to Overweight, citing a favorable macro-economic backdrop and expectations for continued outperformance in 2013. Wells upgraded shares of Extra Space Storage Inc. and Sovran Self Storage (NYSE:SSS) from Market Perform to Outperform.
EastGroup Properties Inc. (NYSE:EGP): Current price $54.03
Wells Fargo downgraded the Industrial REIT sector from Overweight to Market Weight, citing a lack of compelling valuations in the group. The firm downgraded shares of EastGroup Properties Inc. from Outperform to Market Perform.
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Government Properties Income Trust (NYSE:GOV): Current price $25.1401
Wells Fargo downgraded the Office REIT sector from Market Weight to Underweight, citing high cap-ex levels and long-term secular pressure on demand. The firm has an Underperform rating on Government Properties (NYSE:GOV).
National Health Investors Inc. (NYSE:NHI): Current price $59.60
After downgrading shares to Market Perform, Wells Fargo removed National Health Investors Inc. from their Priority Stock List.
CapLease, Inc. (NYSE:LSE): Current price $5.5450
Wells Fargo downgraded the Net Lease REIT sector from Overweight to Market Weight, citing valuation. The firm downgraded shares of CapLease (NYSE:LSE) and National Retail Properties (NYSE:NNN) from Outperform to Market Perform.
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