Broker Notes: Why analysts name Vicinity Centres and Arena REIT to buy now?

$Vicinity Centres (VCX.AU)$: Vicinity Centres is upgraded to outperform from neutral with A$2.01 target price by Macquarie.
Vicinity Centres's conservative gearing of 26% and hedging of 82% are among the best in the Australian property sector, Macquarie says.
Shares are 2.47 higher at A$1.87.

$Arena REIT (ARF.AU)$: Macquarie moves to outperform from neutral with A$4.61 target price.
Arena REIT gets a new bull in Macquarie, which is drawn to its defensive income profile given that inflation is high and the economy appears to be slowing.
Shares are 2.86% higher at A$4.31.