Equity Residential (EQR) has seen both highs and lows in recent stock performance, outperforming market competitors on certain trading days and underperforming on others. Recent price target increases by Scotiabank, Morgan Stanley, and UBS Group highlight potential growth. Despite a downslide since the last earnings report, EQR's Q1 FFO and revenues surpassed estimates, reflecting solid demand and cost focus. It's also making notable institutional transactions, with Nicola Wealth Management, Jump Financial, and International Assets Investment Management having increased stock positions. Despite an in-line downgrade from Evercore ISI, EQR remains attractive to Baron Real Estate Fund. The company's Q1 earnings showed key metrics versus estimates, with Zacks Research boosting EPS estimates for Q3 2024. The stock sold well under Boston Partners, and a significant share of 25793 was acquired by International Assets Investment. The company reported robust earnings growth in Q4 2023 but yet faced challenges from a new debt & financing risk. The firm recently teamed up with Toll Brothers for a new development project and sold the SoCal Multifamily assets for $127M. EQR has also been noticed for its strong demand from affluent apartment renters.
Equity Residential EQR News Analytics from Thu, 20 Oct 2022 07:00:00 GMT to Sat, 18 May 2024 09:52:00 GMT -
Rating 5
- Innovation -4
- Information 7
- Rumor -2
