Why Equity Residential stock is sliding today: BMO downgrade meets a $400 million asset sale
New York, Jan 9, 2026, 15:26 EST — Regular session Equity Residential shares were down 3.8% at $60.46 by 3:26 p.m. EST, underperforming the broader apartment REIT group after BMO Capital cut its rating to “market perform” from “outperform.” (StreetInsider.com) The move lands on a day when rates-sensitive sectors were already on edge after fresh U.S. labor data showed payroll growth stayed soft in December and the unemployment rate eased to 4.4%. (Bureau of Labor Statistics) Treasury yields were little changed after the report, with the 10-year hovering around 4.18%, but even small swings in long-term rates can move REIT
