REITs

July 15, 2016

Buy ($175)

Companies covered: VEREIT, Inc. (NYSE:VER), Armada Hoffler Properties, Inc. (NYSE:AHH), Columbia Property Trust, Inc. (NYSE:CXP), Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR), Sears Holdings Corporation (OTCMKTS:SHLDQ), J.C. Penney Company, Inc. (OTCMKTS:JCPNQ), HCP, Inc. (NYSE:HCP), Acadia Realty Trust (NYSE:AKR), Retail Opportunity Investments Corp. (NASDAQ:ROIC), Kimco Realty Corporation (NYSE:KIM), SL Green Realty Corporation (NYSE:SLG), Apartment Investment and Management Company (NYSE:AIV), Equity Residential (NYSE:EQR), Digital Realty Trust, Inc. (NYSE:DLR), ProLogis, Inc. (NYSE:PLD), Boston Properties, Inc. (NYSE:BXP), Public Storage (NYSE:PSA), Essex Property Trust, Inc. (NYSE:ESS), Sovran Self Storage, Inc. (NYSE:SSS), Post Properties, Inc. (NYSE:PPS), Kilroy Realty Corporation (NYSE:KRC), CubeSmart (NYSE:CUBE), Extra Space Storage Inc (NYSE:EXR), CoreSite Realty Corporation (NYSE:COR), Brookfield Property Partners L.P. (NYSE:BPY), Blackstone Inc. (NYSE:BX), National Retail Properties (NYSE:NNN), Realty Income Corporation (NYSE:O), Agree Realty Corporation (NYSE:ADC), TIER REIT Inc (NYSE:TIER), Monmouth Real Estate Investment Corporation (NYSE:MNR), Terreno Realty Corporation (NYSE:TRNO), DCT Industrial Trust Inc (NYSE:DCT), EastGroup Properties, Inc. (NYSE:EGP), American Homes 4 Rent (NYSE:AMH), Mid-America Apartment Communities, Inc. (NYSE:MAA), Preferred Apartment Communities, Inc. (NYSE:APTS), Bluerock Residential Growth REIT, Inc. (NYSEMKT:BRG), Independence Realty Trust, Inc. (NYSE:IRT), FedEx Corporation (NYSE:FDX), Best Buy Co., Inc. (NYSE:BBY), Gamestop Corporation (NYSE:GME), O'Reilly Automotive, Inc. (NASDAQ:ORLY), American Campus Communities Inc (NYSE:ACC), Education Realty Trust Inc. (NYSE:EDR), Community Healthcare Trust (NYSE:CHCT), Spirit Realty Capital, Inc. (NYSE:SRC), Camden Property Trust (NYSE:CPT), Federal Realty Investment Trust (NYSE:FRT), Vornado Realty Trust (NYSE:VNO), DDR Corp. (NYSE:DDR), TJX Companies, Inc. (The) (NYSE:TJX), Hudson Pacific Properties, Inc. (NYSE:HPP), Simon Property Group, Inc. (NYSE:SPG), Alexandria Real Estate Equities, Inc. (NYSE:ARE)