Park Avenue Securities LLC has increased their shareholdings in Equity Residential (NYSE:EQR) by acquiring an additional 1566 shares. The Q3 FFO and revenues of Equity Residential have outdone estimates, leading to an upgrade to Overweight by Piper Sandler. Insider trades hint at a bullish stance prevalent within the organization. Despite minor inconsistencies in stock performance as compared to competitors, EQR's pricing strength has spurred an upgrade in its stock. Additionally, it has been noted that the EVP of Equity Residential sold shares worth over $439k. Valued as Vert Asset Management LLC's 10th largest position, EQR marked a new 12-month high post-analyst upgrade. With a focus on solid demand and cost, Q1 FFO and revenues surpassed estimates. The robust earnings growth in Q4 2023 has further invigorated the firm's position in the market. EQR's FY 2024 earnings guidance further bolsters the firm's standing and the company has recently acquired 2 Atlanta-area properties for $179.7M. The robust performance has earned it a place among the '10 Best Residential Real Estate Stocks to Buy'.
Equity Residential EQR News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sun, 30 Jun 2024 08:47:24 GMT -
Rating 8
- Innovation 3
- Information 9
- Rumor 4
