Equity Residential: Further Improvement Necessary In West Coast Markets

d3sign/Moment via Getty Images Apartment REIT and S&P 500 component, Equity Residential (NYSE:EQR), recently reported better than expected results for its Q4 reporting period ended December 31. The stock, however, has trended downwards in the last five days, down nearly 5%. The declines mirror weakness elsewhere in the REIT sector. Last Friday, the broader sector of REITs ended their third straight week in the negative. Driving the continued weakness is a prevailing belief that interest rates will stay high ...