Equity Residential, a prominent real estate investment trust, has been making significant strides in the market. Various investment firms have been increasing their holdings in Equity Residential, including
Orion Portfolio Solutions,
Avantax Advisory Services,
Consolidated Portfolio Review Corp. and
Empowered Funds to name a few. It's noteworthy that the
stock has persistently outperformed competitors, hitting a new one-year high at
$69.77, with an uplifted price target of
$82.00. Q1 2024 Earnings report suggests robust returns along with high-end revenues and net operating income for 2024. Despite facing allegations of illegal rent hikes, Equity remains strong with Q1 FFO and revenues surpassing estimates. Noteworthy acquisitions include two Atlanta-area properties valued at
$179.7M and a Southern California Multifamily Asset for
$127M. However, uncertainty lingers, with analysts offering a consensus recommendation of 'Hold'. Broadly, the portfolio reflects good earnings potential amidst market volatility.
Equity Residential EQR News Analytics from Tue, 04 Sep 2018 07:00:00 GMT to Sun, 21 Jul 2024 14:14:06 GMT -
Rating 8
- Innovation 0
- Information 6
- Rumor -2
