Great Portland Estates upgraded to Market Perform from Underperform at Bernstein

Bernstein analyst Ben Richford upgraded Great Portland Estates to Market Perform from Underperform. The analyst is increasingly confident that valuations of the high quality London focused UK real estate investment trust portfolios have bottomed. Property yields have increased to sustainable levels, and total returns over the coming years are a “sensible base case,” the analyst tells investors in a research note.