Mizuho lowered the firm’s price target on Equity Residential (EQR) to $71 from $76 and keeps a Neutral rating on the shares. The firm says Q1 apartment real estate investment results “cleared a low bar with no raises” to initial fiscal 2025 operating guides. The spring leasing season appears off to a “tepid start,” with April’s sluggishness continuing into May in both select Sunbelt and Coastal markets, the analyst tells investors in a research note. Mizuho thinks the tepid data makes apartments a “show me” story near-term, with downside risk to 2025 and 2026 earnings. It reduced 2025 estimates across the sector.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQR:
- Equity Residential Extends ATM Program for Flexibility
- Equity Residential files automatic mixed securities shelf
- Equity Residential price target raised to $82 from $79 at Scotiabank
- Equity Residential price target raised to $83 from $79 at Barclays
- Equity Residential price target lowered to $78 from $85 at BofA
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue