Equity Residential has been
outperforming its competitors on
strong trading days. Significant player in the development game as it teamed up with
Toll Brothers for development. However, the
shares have been sold by various giants such as M&T Bank Corp, Charles Schwab Investment Management Inc., and Swiss National Bank. The company has been
underperforming against its competitors on various days. The company’s
Q1 FFO and Revenues surpassed the estimates, marking a positive note. The
Q1 2024 earnings call posed favorable for the company.
RBC Capital and
Piper Sandler have
increased the price target and the company was
upgraded to outperform at BMO Capital Markets. Due to the company’s ability to meet solid demand and maintain a cost focus, it was able to post
robust earnings growth in Q4 2023. However, there are some concerns related to the
new debt & financing risk added by Equity Residential. The company also announced the
sale of its SoCal Multifamily Asset for $127M. Despite various toughness faced, the company made it to finishing strong evidenced by the announcement of
robust Q2 2024 earnings guidance.
Equity Residential EQR News Analytics from Tue, 15 Aug 2023 07:00:00 GMT to Thu, 09 May 2024 21:25:57 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -2
