Cantor Fitzgerald raised the firm’s price target on Equity Residential (EQR) to $64 from $61 and keeps a Neutral rating on the shares. The five covered Multifamily REITs reported Q4 results below consensus, though the key metric to watch is new lease rate growth ahead of the spring/summer leasing season, the analyst tells investors in a research note.
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Read More on EQR:
- Equity Residential Balances Stable Occupancy With Slower Growth
- Equity Residential price target lowered to $78.50 from $79.75 at Stifel
- Equity Residential: Mixed Fundamentals and Limited Growth Outlook Support Hold Rating
- Equity Residential reports Q4 normalized FFO $1.03c, consensus $1.04
- Equity Residential sees 2026 normalized FFO $4.02-$4.14, consensus $4.13