Mizuho downgraded Apartment Income REIT to Neutral from Buy with a price target of $31, down from $37. The downgrade reflects the company’s “more disappointing earnings prospects” this year than previously anticipated and a diminishing relative advantage of its balanced portfolio, the analyst tells investors in a research note.
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Read More on AIRC:
- Apartment Income REIT resumed with a Neutral at Goldman Sachs
- Apartment Income REIT Addresses Shareholder Nominations and FD Disclosure
- Apartment Income REIT sees FY24 pro forma FFO $2.33-$2.43, consensus $2.53
- Apartment Income REIT reports Q4 pro forma FFO 64c, consensus 64c
- Apartment Income Reit Corp (AIRC) Q4 Earnings Cheat Sheet
