- Barclays Capital as revisited its stance on the European Real Estate sector, following the surprising result of the UK referendum and the ensuing unanswered questions and unknowns.

Equity research analysts said: "As always, markets have reacted negatively to uncertainty.

"We believe that those who can look through the volatility and uncertainty can underwrite investments in the UK REIT space on large discounted entry points that we believe already reflect a very hard landing for the UK economy and an acrimonious divorce from the EU."

Land Securities [LON:LAND] has been upgraded to overweight (from equal weight), while Capital & Counties [LON:CAPC] was downgraded to equal weight (from overweight).

Price target have been cut to 1,230 pence a share (from 1,370 pence) and to 320 pence (from 400 pence), respectively.

At 1:29pm:

[LON:CAPC] Capital Counties Properties PLC share price was +0.1p at 264.1p

[LON:LAND] Land Securities Group Plc share price was +33p at 955.5p

Story provided by