Equity Residential (EQR) is demonstrating
remarkable strength in its stock performance, outperforming competitors on several trading days. The company is confirming its full valuation in the apartment REIT market with
bullish analyst estimates and comments. After the acquisition of 103,174 shares by
Contravisory Investment Management Inc., the company continues making significant strides, purchasing a nearly $1 billion apartment portfolio from
Blackstone, including eleven apartment communities totalling 3,572-units in strategic areas. Celebrating its 30th anniversary of NYSE listing, Equity Residential also showcases a positive trend with a reported
20.8% YTD rise in stock. A series of further financial engagements underscore the firm's growth, with Equity Residential stocks held by various entities such as Marshall Wace LLP, Squarepoint Ops LLC, and Susquehanna Fundamental Investments LLC. Despite a tenant lawsuit alleging illegal rent hikes, gains continue as EQR is projected to see FY2025 earnings at the high end. In it's Q2 2024 earnings call, the firm reported GAAP EPS of $0.47, revealing its strong financial performance. The future seems bright with opportunities as
EQR continues its trend of record-low turnover.
Equity Residential EQR News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Fri, 11 Oct 2024 21:03:00 GMT -
Rating 8
- Innovation 3
- Information 6
- Rumor -5
