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Current DateTime: 04:40:53 30 Nov 2009
LinksList Documentid: 30328029
4 REIT Stocks With 'Buy' Ratings: Strategist
Published: Monday, 17 Aug 2009 | 1:04 PM ET
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By: JeeYeon Park
CNBC News Associate

The real estate investment trusts (REITs) sector has had a great run over the last few months, but here are some areas you can still consider for your portfolio, said Paul Puryear, director of real estate research at Raymond James.

“We’re getting up to the top end of our comfort range…Historically, if you start to price in an upturn, that’s about as pricey as we’d like to get,” Puryear told CNBC.

Puryear said he likes REITs that have good balance sheets and management teams. Going forward, he wants to lean more to the growth side, such as the digital or corporate office areas.

Puryear Has “Buy” Ratings On:

Digital Realty Trust [DLR  Loading...      ()   ] 

Corporate Office Properties Trust [OFC  Loading...      ()   ] 

Health Care REIT [HCN  Loading...      ()   ] 

National Retail Properties [NNN  Loading...      ()   ]

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Disclosure:

Puryear has investment banking clients who own shares of all the companies above.

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