Morgan Stanley now 'cautious' on REIT sector (KIM, CUZ, PSB, PSA) Tomi Kilgore
NEW YORK (CBS.MW) -- Morgan Stanley lowered its rating on the real estate investment trust (REIT) sector to "cautious" from "in-line," citing high valuations, continued weak fundamentals, rising interest rates and an improving economy. "While we are not calling for a severe downturn, we believe it unlikely REITs will keep pace with a strengthening broader market over the coming year," the firm said in a note to clients. Within the sector, Morgan Stanley downgraded Cousins Properties (CUZ) , Kimco Realty (KIM) and PSBusinessParks (PSB) to "equal weight" from "overweight," and Public Storage (PSA) to "underweight" from "equal weight."
MfG, ZiZo 
