Equity Residential (EQR) has been in active news recently with various market developments, institutional investments, and residential acquisitions.
Franklin Resources Inc. and
Sanctuary Advisors LLC have grown their positions in the company while
JPMorgan raised the company's price target to $81. Additionally, the company has launched an executive severance plan and expanded their commercial paper program. During their 30th anniversary of listing, EQR rang the NYSE opening bell. As per Q4 reports, dividends of $0.675 per share will be paid out in 2025.
Bold moves were recently initiated by EQR including the purchase of Sun Belt Apartments from
Blackstone worth $1 billion and acquisition of eleven apartment communities. Analysts from
Barclays have given an 'Overweight' rating to EQR while
Jim Cramer labelled it an 'Amazing Stock'. Notably, EQR managed to meet their Q3 FFO estimates, was listed on UBS's list of stocks for the AI, Growth & Low Rate Era and won the prestigious
Nareit Sustainability Award for the fourth time.
Verition Fund Management LLC recently sold numerous shares and EQR acquires 978 apartment units in Denver.
Equity Residential EQR News Analytics from Fri, 26 Apr 2024 07:00:00 GMT to Sat, 21 Dec 2024 10:29:02 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -2
