The recent news surrounding Equity Residential (EQR) consists of a mix of performances vis-a-vis its competitors, notable buying and selling actions concerning its shares, multiple real estate acquisition activities amounting to nearly $1 billion, and commentary on its projected earnings, among others.
Legacy Capital Group California Inc., Sanctuary Advisors LLC, and USA Financial Formulas are reported to have bought considerable shares of EQR, while shares were sold by Commerzbank Aktiengesellschaft FI and Presima Securities ULC. The latest acquisitions involve a $1 billion apartment portfolio from Blackstone Real Estate, showcasing their aggressive growth in their multifamily portfolio.
Q2 and Q3 earnings of EQR are also on the spotlight, with some portraying positive projections while others presenting a 'Hold' recommendation. Some reports mentioned EQR's capital issuance summing up to $600 million and allegations of illegal rent hikes amounting to $700 million.
Other mentions include a 20.8% Year-To-Date stock performance, citing EQR as a potential real estate stock for long-term growth, and EQR outperforming competitors on specific trading days. Still, its stock underperformed the market on some days according to other reports.
Equity Residential EQR News Analytics from Thu, 20 Oct 2022 07:00:00 GMT to Sat, 26 Oct 2024 09:40:30 GMT -
