AIRC - Truist gets more bullish on REITs tilts toward self-storage retail data gaming

Truist Financial analyst Michael Lewis takes a more constructive view on REIT stocks, overall, with a relatively bullish on self-storage, retail, triple-net, data center & tower, and gaming.He takes a neutral stance on healthcare, multifamily, office, and industrial, and is "incrementally cautious" on the hotel sector.Upgrades Equity Residential (EQR), Extra Space Storage (EXR), Public Storage (PSA), and Vornado Realty (VNO) to Buy from Hold.Downgrades Apartment Income REIT (AIRC), Cousins Properties (CUZ), Columbia Property Trust (CXP), and Medical Properties Trust (MPW).While the beginning of 2021 may feel a lot like late 2020 due to the pandemic and related lockdowns, "we expect the landscape to soon tilt significantly (though perhaps never fully) back to 'normal'," Lewis writes.

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Truist gets more bullish on REITs, tilts toward self-storage, retail, data, gaming