17.10.2008 - Analyst decries REITs sell off
From Investmentnews.com: Raymond James & Associates Inc. analyst Paul Puryear upgraded eight real estate investment trusts today in the belief that the recent sell-off in the sector has been overdone. “Enough, already!” he wrote in a note. “Given our years of real estate experience, we can recognize compelling value when it appears.” Mr. Puryear said there’s been an “unprecedented sell-off among REIT stocks” that caused REIT prices plummet more than 30% so far in October. .... Full Article: Source
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