Equity Residential (NYSE:EQR) has seen numerous dynamics play out in the market. Notably, financial institutions like
Wells Fargo & Company and
Allianz Asset Management GmbH have
increased their price target and stock position in EQR respectively, indicating confidence in its asset value.
Property sales are projected to benefit Equity Residential, and its
revenue, Funds from Operations (FFO), and Net Operating Income forecasts for 2024 are at the higher end of
guidance ranges. Nevertheless, some stakeholders have reduced their stake, including Franklin Resources Inc., while the company's stock has underperformed on certain days compared to competitors. Furthermore, it has been noted that 11 financial analysts have shared insights on
EQR, contributing to transparency. Finally, the company was featured in REITWeek Presentation, and its
Q1 earnings surpassed estimates. However, it flags a potential EPS and FFO shortfall and was issued a consensus recommendation of 'Hold' by brokerages.
Equity Residential EQR News Analytics from Fri, 28 Jul 2023 07:00:00 GMT to Sun, 02 Jun 2024 15:18:02 GMT -
Rating 5
- Innovation 2
- Information 7
- Rumor -2
