It appears that Equity Residential (EQR), a leading real estate investment trust, is taking bold strides in the market. The firm recently showcased market leadership by achieving an 82 RS rating. The company's stock recently achieved a new 12-month high at $72.39 and has been on a growth trajectory throughout the year. Impressive forecasts by Raymond James & Associates and Zacks Research project promising Q1 2025 earnings and strong growth potential. EQR recently celebrated its 30th anniversary of listing on the NYSE. A crucial development includes EQR's acquisition of nearly $1B of apartments from Blackstone, including an 11-apartment property portfolio for $964M. It's also worth noting that the company posted strong revenue and sales metrics in its Q2 2024 Earnings call. Tenant-landlord conflicts have also surfaced, with tenants demanding a staggering $700M over alleged illegal rent hikes. However, Equity Residential continues its expansion, setting new price targets and attracting investments from major firms like Sarasin & Partners LLP, Sumitomo Mitsui Trust Holdings, and Bamco Inc.
Equity Residential EQR News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 25 Aug 2024 09:03:34 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
