BMO Capital Downgrades Equity Residential (EQR) to Market Perform

BMO Capital analyst John P. Kim downgraded Equity Residential (NYSE: EQR) from Outperform to Market Perform with a price target of $68.00 (from $70.00).

The analyst comments: "In conjunction with our 2026 REIT Outlook (link), we downgrade EQR to Market Perform rating, with a revised target price of $68. In 2026, we expect fundamentals to soften across key coastal markets (DC, NYC, Boston, L.A.) driven by a lackluster job market and stretched affordability, while these markets also face policy changes regarding rent control and higher taxes for affluent residents. EQR is trading at a AFFOx of 18.0x compared to peers of 17.9x."

For an analyst ratings summary and ratings history on Equity Residential click here. For more ratings news on Equity Residential click here.

Shares of Equity Residential closed at $62.87 yesterday.

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