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4 REIT Stocks With 'Buy' Ratings: Strategist

Monday, 17 Aug 2009 | 1:04 PM ET

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.

Sector Spotlight: REITs
Paul Puryear, director of real estate research at Raymond James, spotlights real estate investment trusts (REITs).

“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

Corporate Office Properties Trust

Health Care REIT

National Retail Properties

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Disclosure:

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

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CNBC Slideshows:

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Disclaimer

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