-
The Search for Healthcare REIT Alpha; Upgrading CCP, Lowering LTC
Following investor meetings with CCP, we are making a rating switch by upgrading CCP to Buy from Neutral and downgrading LTC to Neutral from Buy
-
"Brexit Firpta Gics!" (Translation: REITs Should Outperform)
A series of non-fundamental factors appear to be net near-term supportive for US REITs
-
The Genesis Nemesis and a Bundle of Other Healthcare Topics Debated at NAREIT
We debate what matters most to the healthcare REITs during NAREIT, and used the conference to investigate longer-term theses that have yet to fully materialize
-
Our Chicken Pox Theory on the HC REITs
Upon contracting Chicken Pox, one can expect not to suffer the disease again. As a means to explain our view on the health care REITs, and specifically on past/ current/future legal action related to Medicare billing practices of post-acute/ SNF operators, we invoke a parallel analogy with the Chicken Pox "one-and- done" nature
-
The Gang of Eight; A Look at the Multifamily Sector Yields Four Rating Changes
Since our multifamily 4Q15 wrap-up report on 2/8/16, the eight stocks have rebounded as we expected -- collectively up ~12% (excluding EQR, which has been disrupted by its special dividend), or 200bps above the REIT average
-
Unveiling 2017 FFO Estimates; Key Themes to Watch
While we are among the last to issue 2017 FFO estimates, we do so intentionally as we believe accuracy and relevance of the estimates are enhanced with current year guidance in the books
-
Multifamily Getting Too Sentimental; Raising ESS to Buy
We are wrapping up 4Q15 multifamily earnings with this report, including several price target changes and one rating change -- ESS goes to Buy from Neutral
-
Collaborations and Comparisons Drive our 2016 REIT Ideas
When we launched REIT coverage at MSUSA in July 2014, we were asked how we plan to differentiate ourselves
-
Bubble Jeopardy 2.0: Leading Indicators That The Private Tech Market May Be Topping
We’re in a bubble for private companies, and the bubble is in trouble. MSUSA’s Technology & REITs teams collaborated to come up with insights about today’s technology market