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MAA downgraded to Underperform at Scotiabank after supply analysis
The Fly

MAA downgraded to Underperform at Scotiabank after supply analysis

As previously reported, Scotiabank analyst Nicholas Yulico downgraded MAA to Underperform from Sector Perform with a price target of $150, down from $163, following a new supply analysis for U.S. multifamily REITs. With job loss risk increasing across most U.S. markets, the firm now recommends a strategy of favoring multifamily portfolios where it forecasts less supply-risk and avoiding Sunbelt exposure due to heavier expected supply pressure.

Published first on TheFly

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