Equity Residential (EQR) recently celebrated its 30th anniversary on the NYSE, with notable financial activities occurring this period. Investment firms such as Investure LLC, Envestnet Asset Management Inc., and Rossby Financial LLC have recently acquired shares. Meanwhile, firms including Canada Pension Plan Investment Board, Synovus Financial Corp, and Wellington Management Group have divested from EQR. Despite a 10% price drop last quarter, EQR declared a US$1 dividend, while the stock has also seen a 8.2% jump recently. EQR is focusing on low-cost efficiency measures and strategic acquisitions. Adjustments to price targets have been made, from $77 to $75, indicating cautious optimism. EQR has planned to acquire a $1 Billion apartment portfolio from Blackstone. There is uncertainty in LA and DC. Despite rising rental income, Q4 FFO met estimates. Its dividend income tax treatment in 2024 was announced. Shareholders like the State of North Carolina have cut holdings, whereas APG Asset Management N.V. has increased theirs. Its recent purchase of the Blackstone Portfolio for $964M stands out.
Equity Residential EQR News Analytics from Tue, 28 May 2024 07:00:00 GMT to Sat, 19 Apr 2025 11:06:53 GMT -
Rating 3
- Innovation 4
- Information 8
- Rumor -5
