Equity Residential (EQR) has been the subject of considerable speculation and varied outlooks recently from different financial institutions. With some analysts raising price targets, such as
UBS Group and Morgan Stanley, as well as a stock purchase by
Mitsubishi UFJ Asset Management and
Jump Financial, there is a sense of growing confidence in the company's equity position. However, this optimism has been tempered by stock underperformance compared to the market, and a Q1 earnings report that resulted in a share drop of 1%. As a result of this mixed performance,
Evercore ISI downgraded its assessment of the company. Despite this, many investors and financial managers still see potential in EQR, demonstrated by
International Assets Investment Management and
AR Asset Management acquiring sizable portions of EQR shares. Moreover, EQR's collaboration with
Toll Brothers on a property development project exhibits promising growth. Despite some earnings surprises,
EQR's Q1 FFO surpassed expectations, demonstrating its ability to capitalise on robust demand and cost focus. Nonetheless, the spectrum of opinions on EQR remains broad, remaining a potential portfolio pick for some outlets, while being sold by major shareholders like
Victory Capital Management and the Swiss National Bank.
Equity Residential EQR News Analytics from Thu, 20 Oct 2022 07:00:00 GMT to Thu, 16 May 2024 18:03:29 GMT -
Rating -1
- Innovation -1
- Information 5
- Rumor -3
