Equity Residential (EQR) has been under the close scrutiny of several analysts, with a reduction in the price target to $75.00 by Wells Fargo & Company, and Deutsche Bank cutting it from $83 to $78. Similarly, RBC Capital and Barclays have adjusted their price targets on EQR. Various investment firms like Presima Securities ULC and Nisa Investment Advisors LLC have sold significant shares of EQR. However, despite these actions, there is a consistent positive sentiment towards EQR's prospects with the stock yielding 4%, and Jim Cramer endorses it as a 'Total Winner'. Furthermore,
Zacks Research and StockNews.com hold a positive forecast for EQR's earnings. The highlight of EQR's recent activities include acquiring almost $1B of apartments from
Blackstone and its plan to distribute a Q4 dividend of $0.675 per share set for January 2025. Also, EQR will buy a $1B asset from Blackstone, marking one of the largest deals in the Real Estates sector. Lastly, a SWOT analysis indicates that the company faces challenges related to the urban market, but its strategic acquisitions are driving the revenue growth.
Equity Residential EQR News Analytics from Tue, 17 Nov 2020 08:00:00 GMT to Sat, 25 Jan 2025 15:41:58 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor 2
