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    Jeff Spector

    Wall Street Analyst at Bank of America

    Jeffrey Spector is a Wall Street Analyst at Bank of America Securities, specializing in the financial sector with a strong focus on companies such as Simon Property Group and American Healthcare REIT. Covering a diverse portfolio of 61 US-listed financial stocks, Spector holds a consistent performance record with a 55% success rate and an average return of 5.6% per rating since 2016. Ranked #2,665 out of over 9,000 Wall Street analysts on TipRanks, he has issued 169 stock ratings with a majority leaning 'Buy,' demonstrating a solid track record for his clients. Spector began his analyst career prior to 2016 and is recognized within Bank of America Securities for his analytical rigor and sector expertise.

    Jeff Spector's questions to MID AMERICA APARTMENT COMMUNITIES (MAA) leadership

    Jeff Spector's questions to MID AMERICA APARTMENT COMMUNITIES (MAA) leadership • Q4 2024

    Question

    An analyst on behalf of Jeff Spector asked if demographic shifts are influencing MAA's long-term portfolio strategy regarding asset class and urban/suburban mix. They also requested details on recent transaction cap rates and the target yield spread between development and acquisitions.

    Answer

    Brad Hill, President and CEO, affirmed that the long-term strategy remains consistent, focusing on high-demand Sunbelt regions with a diverse market mix to attract a broad renter base. On transactions, he disclosed that recent dispositions traded at cap rates in the low 6% range, while acquisitions of lease-up assets are projected to stabilize near 6%. He highlighted that their new developments are yielding around 6.4%, representing a 140-basis-point spread over current market cap rates of approximately 5.5%.

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    Jeff Spector's questions to Douglas Emmett (DEI) leadership

    Jeff Spector's questions to Douglas Emmett (DEI) leadership • Q4 2024

    Question

    Jeff Spector of Bank of America requested more color on the market dynamics supporting the positive absorption outlook for 2025, beyond just lower lease expirations. He also asked for details on the industries driving the new demand from larger tenants.

    Answer

    President and CEO Jordan Kaplan attributed his optimism to a significant increase in leasing activity and showings, particularly the return of tenants seeking over 10,000 square feet, which he noted was a missing piece previously. Executive Stuart McElhinney added that the Q4 demand from larger tenants was broad-based and not concentrated in any single industry.

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    Jeff Spector's questions to Douglas Emmett (DEI) leadership • Q3 2024

    Question

    An analyst on behalf of Jeff Spector of Bank of America asked for the source of confidence that leasing to tenants over 10,000 square feet will continue into 2025. He also inquired about which specific industries are driving the current leasing demand.

    Answer

    President and CEO Jordan Kaplan clarified that while the current pipeline for larger tenants looks good, he cannot predict its continuation into 2025. However, he expressed confidence based on a more favorable lease expiration schedule over the next five years, which should aid in achieving positive absorption. Executive Stuart McElhinney added that recent leasing demand was broad-based across all key industries, including legal, financial services, entertainment, and healthcare.

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    Jeff Spector's questions to APARTMENT INVESTMENT & MANAGEMENT (AIV) leadership

    Jeff Spector's questions to APARTMENT INVESTMENT & MANAGEMENT (AIV) leadership • Q2 2020

    Question

    Jeff Spector from Bank of America asked for more color on the increased leasing demand in July, questioning if it was tied to specific price points and where new residents were coming from. He also inquired about the transaction market and the stability of cap rates for planned dispositions.

    Answer

    EVP of Property Operations Keith Kimmel attributed the strong July leasing to a combination of pent-up demand and typical peak season activity, noting the trend was broad-based across markets and price points. On transactions, Chairman and CEO Terry Considine stated that buyer demand is strong, allowing Aimco to be selective on pricing, and that low interest rates are helping to offset broader economic uncertainty.

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