Scotiabank lowered the firm’s price target on Equity Residential (EQR) to $78 from $82 and keeps a Sector Perform rating on the shares. The firm sees some softness in new lease pricing for the Spring selling season, likely due to a combination of lingering new supply and pockets of softer demand, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQR:
- Equity Residential’s Strategic Acquisition and Stable Outlook Justify Hold Rating
- Equity Residential to Present at Nareit REITweek 2025
- Equity Residential price target lowered to $71 from $76 at Mizuho
- Equity Residential Extends ATM Program for Flexibility
- Equity Residential files automatic mixed securities shelf