Equity Residential (EQR) has been particularly active lately, with key investment firms such as
Sei Investments Co., Inspire Investing LLC, Meiji Yasuda Asset Management Co Ltd., and Oppenheimer & Co. Inc. significantly modifying their equity positions.
Jim Cramer has also deemed the company a 'Total Winner'. Regardless of a few days underperforming against competitors, the EQR stock generally outperforms the
Nasdaq. The strong performance is attributed to EQR's successful acquisition of a $1 billion
apartment portfolio from Blackstone, consisting of 11 apartment communities amounting to 3,572 units. This bold move, amidst a vibrant Q2, has made analysts notably bullish on EQR. The company increasingly participated in notable real estate events such as the
Bank of America 2024 Global Real Estate Conference. Expected 2024 revenues, NOI & FFO are now at the high end. EQR also raised dividends for common and preferred shares to
$0.68. Some allegations of illegal rent hikes were raised by tenants resulting in a demand for a
$700M settlement, yet the company continues to receive upgrades from various financial institutions, such as
JP Morgan, Scotiabank, Citi, and Deutsche Bank.
Equity Residential EQR News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 22 Sep 2024 10:53:09 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 5
