Real Estate Investment Trusts (REITs) are experiencing a notable rise, driven by expectations of rate cuts. Goldman Sachs has initiated buy ratings for several REITs, including American Homes 4 Rent (AMH) with a $48 price target, Invitation Homes (INVH) with a $46 price target, and Mid-America Apartment Communities (MAA) with a $187 price target. Additionally, neutral ratings were given to Camden Property Trust (CPT) with a $139 price target and Equity Residential (EQR). The sentiments around REITs have shifted positively, with entities like Vanguard Real Estate ETF (VNQ) and iShares S&P/TSX Capped REIT Index ETF (XRE) hitting new 52-week highs. This surge follows a period where REITs had been oversold and are now showing signs of recovery, forming a head and shoulders bottoming pattern. The price targets for MAA and CPT are 60-70% higher than their lows late last year.