BUZZ-JP Morgan raises REITs PT; says expense pressure seems to be abating

Reuters09-16

** JP Morgan raises target price on residential REITs

** Brokerage believes liquidity for multifamily property type is proving stronger than expected

** Adds that expense pressure for REITS seem to be abating

** Brokerage remains neutral in view towards most residential rental REITs

** Up to Friday's close, AVB up 25%, EQR up 27%, ESS up 26%, UDR up 23% and CPT up 26% YTD

Company RIC New PT Old PT Rating

AvalonBay $247 $212 Neutral

Communities

Equity $80 $68 Neutral

Residential

Essex Property $297 $265 Neutral

Trust

UDR Inc $50 $43 Overweight

Camden $129 $112 Neutral

Property Trust

(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2467240819?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-16 19:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2467240819","market":"us","top_or_hot":-1,"title":"BUZZ-JP Morgan raises REITs PT; says expense pressure seems to be abating","media":"Reuters","content":"<html><body><p>** JP Morgan raises target price on residential REITs </p><p>   ** Brokerage believes liquidity for multifamily property type is proving stronger than expected</p><p>   ** Adds that expense pressure for REITS seem to be abating </p><p>   ** Brokerage remains neutral in view towards most residential rental REITs </p><p>   ** Up to Friday's close, AVB up 25%, EQR up 27%, ESS up 26%, UDR up 23% and CPT up 26% YTD</p><p>Company          RIC         New PT      Old PT      Rating</p><p>AvalonBay              $247        $212        Neutral</p><p>Communities                                         </p><p>Equity                 $80         $68         Neutral </p><p>Residential                                         </p><p>Essex Property         $297        $265        Neutral </p><p>Trust                                               </p><p>UDR Inc                $50         $43         Overweight</p><p>Camden                 $129        $112        Neutral </p><p>Property Trust                                      </p><p>(Reporting by Anshuman Tripathy in Bengaluru)</p><p>((Anshuman.Tripathy@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-JP Morgan raises REITs PT; says expense pressure seems to be abating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-JP Morgan raises REITs PT; says expense pressure seems to be abating\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-16 19:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** JP Morgan raises target price on residential REITs    ** Brokerage believes liquidity for multifamily property type is proving stronger than expected   ** Adds that expense pressure for REITS seem ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPT","symbol_name":"卡姆登物业信托","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2467240819","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2467240819","pubTimestamp":1726486238,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** JP Morgan raises target price on residential REITs    ** Brokerage believes liquidity for multifamily property type is proving stronger than expected   ** Adds that expense pressure for REITS seem to be abating    ** Brokerage remains neutral in view towards most residential rental REITs    ** Up to Friday's close, AVB up 25%, EQR up 27%, ESS up 26%, UDR up 23% and CPT up 26% YTDCompany          RIC         New PT      Old PT      RatingAvalonBay              $247        $212        NeutralCommunities                                         Equity                 $80         $68         Neutral Residential                                         Essex Property         $297        $265        Neutral Trust                                               UDR Inc                $50         $43         OverweightCamden                 $129        $112        Neutral Property Trust                                      ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CPT":"卡姆登物业信托","PT":"品钛","BK4215":"住宅房地产投资信托","ESS":"埃塞克斯信托","BK4585":"ETF&股票定投概念","AVB":"阿湾物产","CFA":"VictoryShares US 500 Volatility Wtd ETF","BK4588":"碎股","EQR":"资产住宅公司","UDR":"UDR不动产信托"},"translate_title":"BUZZ-摩根大通筹集房地产投资信托基金PT；表示费用压力似乎正在减轻","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA":1,"PT":1,"AVB":0.9,"CPT":0.9,"EQR":0.9,"ESS":0.9,"UDR":0.9},"content_text":"** JP Morgan raises target price on residential REITs    ** Brokerage believes liquidity for multifamily property type is proving stronger than expected   ** Adds that expense pressure for REITS seem to be abating    ** Brokerage remains neutral in view towards most residential rental REITs    ** Up to Friday's close, AVB up 25%, EQR up 27%, ESS up 26%, UDR up 23% and CPT up 26% YTDCompany          RIC         New PT      Old PT      RatingAvalonBay              $247        $212        NeutralCommunities                                         Equity                 $80         $68         Neutral Residential                                         Essex Property         $297        $265        Neutral Trust                                               UDR Inc                $50         $43         OverweightCamden                 $129        $112        Neutral Property Trust                                      (Reporting by Anshuman Tripathy in Bengaluru)((Anshuman.Tripathy@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2467240819"}