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Equity Residential upgraded to Neutral as Piper praises strong rent growth

Jun. 09, 2023 9:08 AM ETEquity Residential (EQR) StockBy: Max Gottlich, SA News Editor1 Comment
Brick and Plaster Condos with Balconies

dbvirago/iStock via Getty Images

Piper Sandler upgraded Equity Residential (NYSE:EQR) to Neutral from Underweight on Friday as the apartment owner logged historically high rent growth.

At the Nareit REITweek conference Wednesday, the REIT said rents in 2023 were growing 4%-6%, compared with its original guidance of

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Comments (1)

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EPD is up 11.75% YTD plus dividends. About the same as the S&P500 including dividends. I guess that underweight wasn’t working.

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