Stifel analyst Simon Yarmak lowered the firm’s price target on Equity Residential (EQR) to $82.25 from $85 and keeps a Buy rating on the shares. Equity reported Q4 normalized FFO per share of $1.00, 1c below the firm’s estimate and in line with the Street, the analyst noted.
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Read More on EQR:
- Equity Residential sees FY25 FFO $3.90-$4.00, consensus $4.02
- Equity Residential reports Q4 FFO $1.00, consensus $1.00
- Equity Residential (EQR) Q4 Earnings Cheat Sheet
- Equity Residential price target lowered to $72.50 from $78.50 at Morgan Stanley
- Equity Residential price target lowered to $79 from $83 at Barclays