Equity Residential (EQR) achieved a significant milestone with its 30th anniversary of listing on the NYSE, even kicking off trading for that day. Analyst opinions on the company have averaged out to a 'Moderate Buy' rating. In a major procurement move, EQR plans to acquire eight Atlanta apartment properties for a total of $535 million. This acquisition points to a capitalizing strategy on the urban strength of Atlanta's residential market. However, EQR’s share price dropped by 1.8% since its last earnings report, despite beating Q1 FFO estimates and experiencing solid revenue growth. Shares of EQR have also seen fluctuations as various investment firms increased, decreased, or initiated positions in the REIT company. For example, Czech National Bank and Rhumbline Advisers bolstered their positions, while Wellington Management Group and Contravisory Investment Management trimmed theirs. Other notable transactions included new positions purchased by Fairtree Asset Management and Universal Beteiligungs und Servicegesellschaft and shares added by GAMMA Investing. Similarly, the California State Teachers Retirement System bought a significant 46,671 shares of EQR. Notably, Q1 earnings forecasts for EQR were issued by Wedbush, and Stifel maintained its buy rating on the company.
Equity Residential EQR News Analytics from Wed, 31 Jul 2024 07:00:00 GMT to Sat, 07 Jun 2025 08:10:59 GMT -
Rating 6.5
- Innovation 4.5
- Information 7
- Rumor -4
