Merrill Lynch Upgrades Ratings On Certain REITs - Bloomberg

Monday, June 16, 2008 9:56 AM

NEW YORK -(Dow Jones)- Merrill Lynch & Co. (NYSE:MER) (MER) upgraded its recommendations on several real estate investment trusts Monday, Bloomberg reported.

Merrill upgraded AMB Property Corp. (NYSE:AMB) (AMB), Senior Housing Properties Trust (NYSE:SNH) ( SNH) and Vornado Realty Trust (NYSE:VNO) (VNO) to buy, according to Bloomberg and the news Web site Flyonthewall.com, and upgraded Corporate Office Properties Trust (NYSE:OFC) (OFC), Boston Properties Inc. (NYSE:BXP) (BXP) and Apartment Investment & Management Co. (NYSE:AIV) (AIV) to neutral.

In recent trading, AMB Property (NYSE:AMB) rose 1.6% to $55.96 and Corporate Office Properties (NYSE:OFC) rose 1.3% to $37.90. The other REITs traded up fractionally.

-By Ed Welsch, Dow Jones Newswires; 201-938-5244; edward.welsch@dowjones.com

    (END) Dow Jones Newswires   06-16-08 0956   Copyright (c) 2008 Dow Jones & Company, Inc.

(Source: iStockAnalyst )

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