Fly News Breaks for May 31, 2018
AVB
May 31, 2018 | 06:20 EDT
BTIG analyst James Sullivan downgraded AvalonBay to Neutral saying he expects lower relative valuations for Apartment REITs following the "mediocre" quarterly results. Due to lower same store net operating income growth expectations, the analyst is becoming less constructive on the Apartment REIT group as a whole.
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