Piper Sandler lowered the firm’s price target on Equity Residential (EQR) to $78 from $80 and keeps an Overweight rating on the shares following the firm’s apartment industry note last week. Piper is also highlighting the potential for straight-line rent receivable write-offs in Q4 from REITs with Saks exposure, given the bankruptcy filing.
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Read More on EQR:
- Deutsche upgrades five, downgrades seven REITs with 2026 outlook
- Equity Residential downgraded to Hold from Buy at Deutsche Bank
- Equity Residential price target raised to $78 from $77 at Barclays
- Equity Residential downgraded to Market Perform from Outperform at BMO Capital
- Balanced Risk/Reward Amid Regulatory and Market Headwinds Supports Hold on Equity Residential