Truist Securities Maintains Buy on Equity Residential, Raises Price Target to $70
Truist Securities analyst Michael Lewis maintains Equity Residential (NYSE:EQR) with a Buy and raises the price target from $68 to $70.
Morgan Stanley Maintains Equal-Weight on Equity Residential, Raises Price Target to $68
Morgan Stanley analyst Adam Kramer maintains Equity Residential (NYSE:EQR) with a Equal-Weight and raises the price target from $67 to $68.
Mizuho Maintains Buy on Equity Residential, Raises Price Target to $72
Mizuho analyst Haendel St. Juste maintains Equity Residential (NYSE:EQR) with a Buy and raises the price target from $67 to $72.
Earnings Scheduled For February 9, 2023
Companies Reporting Before The Bell
• AstraZeneca (NASDAQ:AZN) is expected to report quarterly earnings at $0.67 per share on revenue of $11.21 billion.
Analysts Just Upgraded These 3 Apartment REITs
As real estate investment trusts (REITs) were underperforming in 2022, analysts in the major brokerages and banks were busy slashing target prices and downgrading many of the REITs, citing threats from inflation, higher interest rates, increasing risk of defaults, increasing occupancy and higher costs.
Benzinga’s Top Ratings Upgrades, Downgrades For January 17, 2023
Upgrades For Casa Systems Inc (NASDAQ:CASA), Northland Capital Markets upgraded the previous rating of Market Perform to Outperform.…
These REITs Were Hit Hardest by 2022’s Rate Hikes
Real estate was the second-worst-performing sector after technology in 2022, primarily because of multiple rate hikes. The Federal Reserve raised the benchmark federal funds rate seven times last year to the highest level in 15 years to mitigate inflationary pressures. The S&P United States REIT index plunged 27% in 2022.
Stocks That Hit 52-Week Lows On Thursday
Thursday's session saw 329 companies set new 52-week lows.
Wall Street’s Most Accurate Analysts Reshuffled Their Best Real Estate Picks, Here They Are
US stocks closed higher, with the real estate stocks recording sharp gains on Tuesday. The sector surged around 2% during the session.