Jefferies lowered the firm’s price target on Equity Residential (EQR) to $72 from $74 and keeps a Hold rating on the shares as part of a 2025 outlook for residential real estate investment trusts. The firm continues to prefer Coastal over Sunbelt REITs, citing less supply pressures, leading to higher new rate growth in 2025. However, following a year of outperformance, the sub-sector needs a catalyst for multiples to inflect higher, the analyst tells investors in a research note. Jefferies is cautious on Sunbelt multifamily in 2025, expecting supply deliveries to weigh on new lease rate growth throughout the year.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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 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
- Equity Residential initiated with an Overweight at Barclays
- Equity Residential price target lowered to $78 from $81 at Scotiabank
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
