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Nov 14 2023, 08:00 GMT
Real Estate
Hard assets positioned for outperformance
- Sectors : Real Estate
- Companies : Tullow Oil | IRES REIT | Kenmare
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| IRES REIT | OUTPERFORM | 08/05/15 | N/A | N/A | 98.0c |
| Kenmare | OUTPERFORM | 03/08/16 | Under Review | 07/12/15 | 398.0p |
| Tullow Oil | OUTPERFORM | 15/01/20 | Under Review | 09/12/19 | 31.9p |
DAVY VIEW
Yield curves have clearly broken out of their 40-year downtrend. This could signify a secular change in the investment landscape. Commodity-related assets are currently trading close to record lows relative to US equities. There are near-term demand risks, but we see the potential for outperformance.
