Scotiabank analyst Nicholas Yulico raised the firm’s price target on Equity Residential to $73 from $72 and keeps a Sector Perform rating on the shares. Following Q2 results, the firm is relatively mixed on the Real Estate & REITs sector, the analyst tells investors. U.S REIT’s relative valuation is now in-line with the S&P 500 following recent volatility while Senior Housing Operating fundamentals reinforced the strong same story net operating income growth story.
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