Several important updates surrounding
Equity Residential (EQR) have emerged. EQR is set to release its
Q2 results, with analysts keen to understand its revenue and EPS beyond estimates. Despite facing day-to-day fluctuations outperformed by competitors, EQR's shares have steadily increased, hitting a
52-week high at $71.40. In other dealing activities, several firms, including American International Group Inc. and Price T Rowe Associates Inc, have changed their positions in EQR. Meanwhile, UBS Group and others have raised their price target for EQR to $82.00, suggesting positivity. Tenants have raised a demand of $700M over allegations of illegal rent hikes, posing potential risks. Interestingly, EQR might see its
2024 revenues, NOI & FFO peaking at the high-end spectrum. The firm also sold off its SoCal Multifamily Asset for $127M. A notable highlight is the re-acquisition of EQR shares by Baron Real Estate Fund. Despite ups and downs, EQR continues to show
robust earnings growth, particularly in Q4 2023. There's a signal of high visibility within the forthcoming REITWeek Presentation. Complementing the action, EQR has acquired two Atlanta-area properties for $179.7M, indicating strategic growth.
Equity Residential EQR News Analytics from Fri, 23 Oct 2020 07:00:00 GMT to Mon, 29 Jul 2024 01:12:00 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -2
