Battered REITs may fall further, analysts say

01/22/2008 | USA Today

The iShares Cohen & Steers Realty Majors fund, which tracks the value of the largest REITs, is down 11% this year and some analysts believe the real estate investment trusts could fall still farther. "There's great buying opportunity ahead," Citigroup analyst Jonathan Litt said. "But not now." REITs are being hammered by the credit crunch and weakening demand for commercial real estate.

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