Yahoo Finance

RBC Capital lowered the firm’s price target on Equity Residential (EQR) to $77 from $79 and keeps an Outperform rating on the shares. The firm updated residential real estate investment trust estimates based on recent market rent trends, leasing updates, and higher costs of debt. Market rents generally came in below expectations in Q4, particularly in the Sun Belt, while the only post-quarter leasing update was also behind expectations, the analyst tells investors in a research note. As a result, RBC moderated spread assumptions slightly for 2025.

Stay Ahead of the Market:

• Discover outperforming stocks and invest smarter with Top Smart Score Stocks

• Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on EQR:

• Equity Residential price target lowered to $74 from $78 at Mizuho

• Equity Residential price target lowered to $72 from $74 at Jefferies

• Equity Residential Expands Severance Plan and Paper Program

• Equity Residential price target raised to $81 from $80 at JPMorgan

• Barclays starts ‘high-quality Coastal name’ Equity Residential at Overweight