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Zacks Industry Outlook Highlights: Avalon Bay Communities, Inc., Fannie Mae, Freddie Mac and Vornado Realty Trust

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July 31, 2009 |Comments: 0
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AVB | FNM | FRE | VNO
For Immediate Release

Chicago, IL – July 31, 2009 – Zacks.com announces the latest Industry Outlook. Today’s outlook from Zacks Equity Research analyst Greg Sukenik discusses the REIT sector. Highlighted stocks include: Avalon Bay Communities, Inc. (AVB), Fannie Mae (FNM), Freddie Mac (FRE) and Vornado Realty Trust (VNO).

Here is the latest on the REIT sector:

In this environment, we like well-capitalized companies that have adequate liquidity to fund maturing debt at least through 2010. One name we still have a Buy on is Avalon Bay Communities, Inc. (AVB), an apartment REIT with low debt and assets in infill markets where little new supply will be coming on board. Fannie Mae (FNM) and Freddie Mac (FRE) are still heavy lenders for apartments, which gives buyers and sellers access to capital; as such, transaction volumes in multifamily are not as depressed as other sectors.

In addition, we like Vornado Realty Trust (VNO), another company with low comparative debt, lots of cash and class-A office assets in some good long-term, heavily supply-constrained areas.

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Read the full analyst report on AVB

Read the full analyst report on FNM

Read the full analyst report on FRE

Read the full analyst report on VNO

 

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