- Launching coverage on a number of apartment rental REITs, Canaccord starts Preferred Apartments (NYSEMKT:APTS) and Education Realty (NYSE:EDR) with Buys.
- APTS is one of the outperformers in the sector, and is actually in the green for the year by nearly 20%. EDR is down more than 10% YTD.
- Essex Property Trust (NYSE:ESS), Aimco (NYSE:AIV), and American Campus (NYSE:ACC) are initiated with Holds.