Equity Residential (EQR) has a mixed bag of news. They have set their
Q4 2024 earnings release date for February 3, with their recent shares crossing the
4% yield mark. Their ratings were upgraded to 'Hold'. Their
price target has been adjusted down from $79 to $77 by RBC capital, then further to $74.00 by Mizuho, yet the focus remains on their strategic
acquisition strategy allowing them to acquire eleven apartment communities spanning across 3,572-units. Additionally, EQR will be
purchasing nearly $1 Billion assets from Blackstone. In Q4 2024, EQR's
FFO jumps 3.1%, and has been
meeting estimates, with revenues increasing year over year. Despite some
urban challenges facing the property market, Equity Residential shows a solid performance and a distinctive focus on prime locations and dividend power. Nevertheless, allegations of
illegal rent hikes have surfaced, with demands of $700M in compensation.
Equity Residential EQR News Analytics from Tue, 17 Nov 2020 08:00:00 GMT to Thu, 16 Jan 2025 16:08:00 GMT -
Rating 5
- Innovation -3
- Information 3
- Rumor 2
