Scotiabank raised the firm’s price target on Equity Residential (EQR) to $79 from $78 and keeps a Sector Perform rating on the shares. Following Q4 results for U.S. Multifamily REITs, the firm sees broad optimism for accelerating H2 blended rate growth, driven by softening supply pressures and stable demand outlook, the analyst tells investors. Same-store growth was largely in-line and executives are hopeful for an improving transaction market through the year, the firm adds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQR:
- Equity Residential’s Optimistic Earnings Call Amid Challenges
- Equity Residential: Hold Rating Amid Mixed Financial Outlook and Future Growth Potential
- Equity Residential Reports Strong Q4 Results and Positive 2025 Outlook
- Equity Residential price target lowered to $82.25 from $85 at Stifel
- Equity Residential: Hold Rating Amidst Slowing Growth and Market Variability