Cantor Fitzgerald Initiates Coverage on Several Residential REITs (AEC, MAA, EQR, HME, ESS, AVB & UDR)

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Cantor Fitzgerald initiates coverage on several Residential REIT stocks.

Cantor started Associated Estates Realty (NYSE: AEC), Mid-America Apartment (NYSE: MAA), AvalonBay Communities (NYSE: AVB) at a Buy. Common themes for all three stocks was strong core operations, "growth for less" opportunity, low beta characteristics, good balance sheet and tenured mgmt teams.

Cantor started Equity Residential (NYSE: EQR) and Essex Property Trust (NYSE: ESS) with Holds. Common themes for these stocks include large or unique footprint although volatility is increased by some of the companies investments.

Cantor started Home Properties Inc. (NYSE: HME) and UDR (NYSE: UDR) with Sell ratings. Common themes for these two stocks include continued risk of dilution and volatility, riskier portfolio.

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