‘Oversold’ UK Property Stocks a Value Play, Morgan Stanley Says
- Broker cites low debt, adequately capitalized balance sheets
- Sector has underperformed as rising rates have increased risks
This article is for subscribers only.
UK property stocks are a value play, rather than a value trap, according to Morgan Stanley analysts.
After a tough year, the shares have become oversold, the analysts led by Bart Gysens wrote in a note, basing their argument on low levels of debt and adequately capitalized balance sheets.