Wedbush downgraded Apartment Income REIT to Neutral from Outperform with a price target of $39, up from $35, after the company reached an agreement to be acquired by Blackstone Real Estate Partners X (BX) in an all-cash transaction for $39.12 per share.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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%