BMO Capital analyst John Kim upgraded Apartment Income REIT to Market Perform from Underperform with an unchanged price target of $39. The analyst sees value in the company’s "high-quality and growth-oriented" portfolio stemming from a unique Miami presence. With a stable balance sheet, Apartment Income appears poised to grow higher than peers in 2024, if its high lease growth rate continue, the analyst tells investors in a research note.
Published first on TheFly
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