Truist lowered the firm’s price target on Equity Residential to $67 from $71 and keeps a Buy rating on the shares as part of a broader research note on Apartment REITs. The firm is updating its model to reflect the current interest rates, cap rates, and rent spread trends heading into the Q1 reporting season, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQR:
- Equity Residential Expands Board, Appoints New Trustees
- Equity Residential upgraded to Market Perform from Underperform at Raymond James
- Equity Residential Senior Management to Present at Citi Conference
- Equity Residential price target lowered to $61 from $62 at Mizuho
- Equity Residential price target raised to $64 from $58 at Morgan Stanley
