Wall Street’s most accurate analysts have revamped their top real estate picks, here they are – Digital Realty Trust (NYSE:DLR), AvalonBay Communities (NYSE:AVB)

US stocks closed higher, with real estate stocks posting strong gains on Tuesday. The sector jumped about 2% during the session.

Wall Street analysts make new stock picks daily. Unfortunately for investors, not all analysts have a particularly impressive track record of predicting market movements. Even when it comes to a single stock, analyst ratings and price targets can vary widely, leaving investors confused as to which analyst’s opinion to trust.

Benzinga readers can access the latest analyst notes on the Analyst Ratings page. Readers can sort by stock symbol, company name, analyst firm, rating change, or other variables.

Here’s a look at some of the top real estate stocks from multiple analysts, according to Benzinga Stock market analyst Ratings.

Simon Realty Group, Inc. GPS

• Alexander Goldfarb, Piper Sandler analyst kept overweight rating on the company’s stock on Oct. 7, 2022, but lowered the price target from $130 to $123. Goldfarb sees over 2% upside in the stock and has a 55% accuracy rate.
• Deutsche Bank analyst Derek Johnston maintained a buy rating on October 4, 2022 and reduced the price target from $129 to $115. Freeman predicts the stock to drop more than 4% and has an accuracy rate of 61%.
• Recent News: Simon Property Group last month reported better-than-expected third-quarter sales results.

Prologis, Inc. PLD

• Wells Fargo analyst Blaine Heck maintained an overweight rating on the company’s stock on November 22, 2022 and raised the price target from $127 to $135. Heck sees a roughly 11% increase in company stock and has an accuracy rate of 51%.
• B of A Securities analyst Jeffrey Spector reinstated a buy rating on the company’s stock on October 24, 2022 and with a price target of $140. Spector sees a roughly 16% increase in stock and has an accuracy rate of 68%.
• Recent News: Prologis director David P. O’Connor recently purchased a total of 9,000 shares at an average price of $114.13.

AvalonBay, Inc. Communities AVB

• Goldman Sachs analyst Chandni Luthra downgraded the stock from Buy to Neutral on December 8, 2022 and reduced the price target from $197 to $187. This analyst sees an increase of about 8% in the stock and has an accuracy rate of only 15%.
• Keybanc analyst Austin Wurschmidt maintained an overweight rating on the company’s stock on December 7, 2022 and lowered the price target from $237 to $193. Wurschmidt sees the title gaining 11% and has an accuracy rate of 56%.
• Recent News: AvalonBay Communities last month posted an FFO of $2.50 in the third quarter, up from $2.06 a year ago.

Digital Realty Trust, Inc. DLR

• Morgan Stanley analyst Simon Flannery maintained an equal weight rating on the company’s stock on October 26, 2022 and lowered the price target from $141 to $107. This analyst sees a drop of around 4% in the stock and has an accuracy rate of 75%.
• Deutsche Bank analyst Matthew Niknam maintained a buy rating on October 12, 2022 and reduced the price target from $150 to $110. Niknam sees the stock fall around 1% and has an accuracy rate of 56%.
• Recent News: Digital Realty has announced the appointment of Andy Power as Managing Director.

Residential Equity QRA

• Truist Securities analyst Michael Lewis reiterated a Hold rating on the company’s stock on November 30, 2022, but reduced the price target from $83 to $68. This analyst sees a rise of around 6% in the stock and has an accuracy rate of 74%.
• Argus Research analyst Jacob Kilstein moved the stock from Hold to Buy on November 17, 2022, with a price target of $72. Montour sees the title gain around 12% and has an accuracy rate of 68%.
• Recent News: Equity Residential in October saw weaker than expected quarterly sales.