The Equity Residential (EQR) is performing well according to numerous reports from reputable organizations such as the Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Cibc World Markets Corp, Raymond James Financial Inc., Boston Partners, and American Assets Capital Advisers LLC, all of which have significantly increased their stakes in the company. This surge in interest is reflected in the company's recent financial activities, such as the increase in its quarterly dividend to $0.6925 per share, and beating Q4 expectations. EQR is also expected to make significant acquisitions, including eleven apartment communities totaling 3,572-units and $1 Billion Apartment Portfolio from Blackstone Real Estate. However, some shareholders like Swiss National Bank, Capital Management Associates NY, PNC Financial Services Group Inc. and First Eagle Investment Management LLC, have cut their holdings in EQR. Despite this, EQR has successfully reported a strong revenue growth in the Q4 2024 earnings call. Nonetheless, the company's blended rent growth was reported lower than expected in Q3.
Equity Residential EQR News Analytics from Fri, 10 May 2024 07:00:00 GMT to Sat, 22 Mar 2025 10:18:23 GMT - Rating 7 - Innovation 3 - Information 0 - Rumor -7
