MAA price target lowered to $158 from $163 at Truist

Truist lowered the firm’s price target on MAA (MAA) to $158 from $163 and keeps a Buy rating on the shares as part of a 2025 outlook for real estate investment trusts. The firm is neutral on REITs for 2025, saying its enthusiasm for improving fundamentals and earnings growth amid declining new supply is tempered by uncertainty regarding long-term interest rates and relatively tight cap rate spreads versus Treasuries and corporate bonds. Truist is “relatively bullish” on data center, retail, industrial, and gaming, neutral on manufactured housing, healthcare, multifamily, office, and triple net, and “relatively cautious” on self-storage.