?? #REIT Headlines - December 10, 2024 ??
?? JPM upgrades SL Green Realty Corp. to Neutral from Underweight and raises price target by $29 to $80
?? Wells Fargo downgrades Crown Castle to Underweight from Equalweight and lowers price target by $5 to $100
?? Morningstar upgrades Welltower? Inc. (NYSE:WELL) to Hold from Sell and maintains $123 price target
?? VICI Properties Inc. priced $750M of 5.125% senior unsecured notes due 2031 to repay 2025 Notes with remaining proceeds for general corporate purposes (including acquisitions and property improvements)
?? Healthpeak Properties, Inc. amends and extends $3B revolving credit facility with terms adjusted to maturity in January 2029 and two extension options.
?? LTC Properties, Inc. (NYSE: LTC) announced leadership changes: Wendy Simpson as Executive Chairman, Pam Kessler & Clint Malin as Co-CEOs, Cece Chikhale as CFO, effective December 31, 2024 (part of succession plan)
?? Alexandria Real Estate Equities, Inc. authorized $500M stock repurchase program valid until December 31, 2025
Congrats to all.