Published on 22 Apr 2024 on Benzinga
4 REITs With Recent Price Target Cuts - Crown Castle (NYSE:CCI), Host Hotels & Resorts (NASDAQ:HST)
Most long-term investors are familiar with the consequences of stock prices experience after an analyst downgrade. Stocks can also slide when analysts maintain previous ratings but slash stock price targets by 10% or more.
As Wall Street grapples with Jerome Powell's new "higher for longer" message on rate cuts and stronger-than-expected economic data, many analysts have been slashing price targets on interest-sensitive stocks such as real estate investment trusts (REITs). Over the past week, 44 REITs across multiple subsectors have had price target cuts, with no let-up in sight.