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Stock impact report

Two REITs downgraded at Piper Sandler [Seeking Alpha]

Equity Residential Common Shares of Beneficial Interest (EQR) 
Last equity residential common shares of beneficial interest earnings: 1/28 04:16 pm Check Earnings Report
US:NYSE Investor Relations: investors.equityapartments.com
Company Research Source: Seeking Alpha
FinancialsTwo NYC-related downgraded at Piper SandlerApr. 24, 2020 7:54 AM ET|Equity Residential (EQR)Stephen AlpherNew York City represents 15% of Equity Residential's (NYSE:nearly 10% downsideGoldfarb says many Big Apple dwellers currently sheltering-in-place in the suburbs might make that move permanent, and those who do return to the city could demand better rental terms.Shares aredown 1.3%A fan of SL Green's (NYSE:SLGMany are making the bullish case that there will be a post-virus demand for more space per employee, but it could be years before that sort of thing filters through to the bottom line, says Goldfarb.He downgrades to Neutral from Overweight, with new price target of $50 from $60. Shares closed last night at $45.71.Click to subscribe to real-time analytics on EQRNow read:2 Top Fears For Market Observers (And 2 Stocks To Buy) » Show less Read more
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