Jefferies lowered the firm’s price target on MAA (MAA) to $148 from $154 and keeps a Hold rating on the shares as part of a 2025 outlook for residential real estate investment trusts. The firm continues to prefer Coastal over Sunbelt REITs, citing less supply pressures, leading to higher new rate growth in 2025. However, following a year of outperformance, the sub-sector needs a catalyst for multiples to inflect higher, the analyst tells investors in a research note. Jefferies is cautious on Sunbelt multifamily in 2025, expecting supply deliveries to weigh on new lease rate growth throughout the year.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
