RBC Capital Markets has initiated coverage of 21 real estate investment trusts and has rated PS Business Parks as a Top Pick.RBC equity analysts David Copp and Jay Leupp have set a 12-month price target of $35 for the stock. Most of the other newly covered REIT stocks received a Sector Perform rating, but five received an Outperform rating: Bedford Property Investors; Municipal Mortgage and Equity; The Rouse Co.; Simon Property Group; and Sunrise Assisted Living. Two REIT stocks -- Manufactured Home Communities and Sovran Self Storage -- received Underperform ratings. RBC Capital, the global brand name for the corporate and investment banking divisions of Royal Bank of Canada, can be found on the Web at http://www.rbccm.com.
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