JP Morgan Analyst Lowers Price Targets On These 4 Popular REITs As Recession Fears Rise
JPMorgan Chase Co. (NYSE: JPM ) is slashing price targets on four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market. While REITs are often looked at as a resilient asset class and a hedge against inflation, the Real Estate Select Sector SPDR Fund (ARCA: XLRE) is performing right in line with the SPDR SP 500 ETF Trust (ARCA: SPY): both down about 21% for the year. According to data from … Full story available on Benzinga.com
JP Morgan Analyst Lowers Price Targets On These 4 Popular REITs As Recession Fears Rise
JPMorgan Chase Co. (NYSE: JPM ) is slashing price targets on four popular real estate investment trusts (REITs) as recession fears continue to weigh heavily on the market. While REITs are often looked at as a resilient asset class and a hedge against inflation, the Real Estate Select Sector SPDR Fund (ARCA: XLRE) is performing right in line with the SPDR SP 500 ETF Trust (ARCA: SPY): both down about 21% for the year. According to data from … Full story available on Benzinga.com