Equity Residential (EQR) has extensively featured in the news for multiple reasons. The company has been enduring investment from different organizations including
UBS AM and
Eventide Asset Management. If $10,000 had been invested in EQR stock a decade ago, the return on investment would now be notably high. The company's stock performance is positive with a YTD rise of 20.9%, encouraging
Jim Cramer to label EQR an 'Amazing Stock' and a ‘Total Winner’. It has continuously shown robust
acquisition strategies such as acquiring eleven apartment communities and has agreed to buy $1 billion of Sun Belt Apartments from Blackstone Group. This acquisition strategy supports
long-term growth initiatives and confirms EQR's confidence in the multifamily market. Furthermore, EQR has displayed strong performance in Q3 2024 and has been meeting FFO estimates, making it a reliable investment for passive income. On the downside, EQR faced controversies with tenants demanding $700M over alleged illegal rent hikes.
Equity Residential EQR News Analytics from Fri, 26 Apr 2024 07:00:00 GMT to Sat, 30 Nov 2024 14:13:09 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 2
