Equity Residential (EQR) continues to make strides in a turbulent market, attracting investment from leading firms such as
Baillie Gifford & Co and
First Trust Direct Indexing L.P. Its performance so far has been commendable, with
stock going up by 10.3% YTD. Analysts generally remain positive, delivering bullish projections as EQR outperforms its competitors despite sporadic day losses. Optimistic outlooks for the company are bolstered by successful Q1 2024 earnings and revenue figures surpassing expectations. Celebrating its
30th anniversary on the NYSE, EQR is also gaining confidence from investors, including
Piper Sandler which upgraded its status to
Overweight. Meanwhile, robust earnings growth has been reported for Q4 2023. A strong strategic position in the market is signaled by the acquisition of two Atlanta-area properties totaling $179.7M. EQR’s direct insider trades also send a positive perspective. Moving into 2024, the company is looking at strong occupancy levels and limited supply. Notably, the company's CFO sold shares worth $439K, which is also an important aspect for stakeholders to consider.
Equity Residential EQR News Analytics from Tue, 25 Jul 2017 07:00:00 GMT to Sun, 07 Jul 2024 13:29:09 GMT -
Rating 8
- Innovation 4
- Information 8
- Rumor -6
