Morgan Stanley Lowers Equity Residential Price Target to $75 from $76.50

Thursday, Aug 14, 2025 5:59 am ET1min read

Morgan Stanley analyst Adam Kramer has lowered the price target on Equity Residential to $75 from $76.50 and maintains an Equal Weight rating. Kramer believes apartment REITs have underperformed and are now trading at rare discounts to other REITs, but with expectations reset, the firm is pivoting to a more bullish stance among the group.

Morgan Stanley Lowers Equity Residential Price Target to $75 from $76.50

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