Wolfe Research downgraded Apartment Income REIT (AIRC) to Peer Perform from Outperform following the company’s agreement to be acquired by Blackstone Real Estate Partners X (BX). The firm does not expect a topping bid to come in, the analyst tells investors.
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Read More on AIRC:
- Apartment Income REIT price target lowered to $37 from $40 at Truist
- M&A News: Blackstone Snaps Up AIR Communities for $10B; Inches Closer to Buyout of L’Occitane
- Apartment Income REIT’s Landmark Merger and Shareholder Windfall
- Apartment Income REIT downgraded to Neutral from Buy at Janney Montgomery Scott
- Apartment Income REIT rises 22.6%
