Equity Residential (EQR) has prominently been featured as the first residential
REIT to join the prestigious
Dow Jones Sustainability Indices, setting a historical precedent in the industry. The stock of the company has been consistently outperforming competitors due to an immensely strong trading day, and it's portrayed as an 'amazing stock' by renowned investor Jim Cramer.
EQR recently acquired 11 Apartment Communities, which significantly adds to its portfolio and is a part of its strategic growth. It also agreed to acquire nearly $1 billion of assets from Blackstone.
Equity Residential showed impressive FFO growth of 3.1%, and it raised its price target to $81 from $80 at
JPMorgan. In comparison to estimates,
EQR earnings were favorable. Several asset management companies such as
Franklin Resources Inc.,
Vestcor Inc, and
Geode Capital Management LLC increased their stock holdings in
EQR.
EQR was also listed in the UBS' list of stock picks for the AI, growth & low rates era. Nevertheless, some of EQR's actions faced backlash where its tenants demanded $700m alleging illegal rent hikes.
Equity Residential EQR News Analytics from Tue, 05 Mar 2024 16:21:16 GMT to Thu, 26 Dec 2024 22:07:00 GMT -
Rating 8
- Innovation 1
- Information 8
- Rumor 2
