Equity Residential (EQR) anticipates that its 2024 revenues, net operating income (NOI), and funds from operations (FFO) will reside at the higher end of predictions. US Bancorp DE has a significant $4.13 million stake in the company. Eleven financial analysts have provided insight into EQR's operations and potential, most of them suggesting a general consensus of 'hold' by brokerages. The targeted price for EQR is set at $68.22 but the company's stock has recently been underperforming compared to its competitors. Certain key projections for the second half of the year sit at the lower end of their outlook but the company has enjoyed solid demand and cost focus leading to a successful Q1 FFO. A strategic SWOT analysis of EQR indicates promising versatile strengths that can counter plausible threats. Equity Residential shows steady commitment to robust dividend yields. The company, believed to benefit from higher mortgage rates, has gained a considerable investment interest, indicated by significant share acquisitions by firms like International Assets Investment Management LLC and Principal Securities Inc., among others. Still, possible EPS and FFO shortfall can impact the firm's performance.
Equity Residential EQR News Analytics from Tue, 12 Jul 2022 07:00:00 GMT to Thu, 30 May 2024 13:00:12 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor -4
