Equity Residential (EQR) has observed a remarkable surge in the Q2, outperforming competitors’ stocks on multiple occasions. Q2 FFO beat estimates and the company raised their 2024 view. Also, the company's stocks have been bought by significant stakeholders, such as Zurcher Kantonalbank Zurich Cantonalbank and Baron Real Estate Fund. Other investors like New York State Teachers Retirement System and Retirement Systems of Alabama have reduced their stake. Recently, the stock’s price target has been raised to $77 by entities like Truist and Scotiabank. EQR also made major acquisitions, most notably nearly $1B worth of apartments from Blackstone and 11 apartment properties for $964M. Other acquisitions include multifamily properties in Weymouth and Atlanta. Conversely, EQR made some notable property dispositions like selling an LA-area community for $107M and a SoCal Multifamily Asset for $127M. Also, indices like Wells Fargo and Investing.com have cut EQR’s stock rating despite raising the price target.
Equity Residential EQR News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Sun, 01 Sep 2024 08:20:00 GMT -
Rating 8
- Innovation 2
- Information 9
- Rumor -5
