Equity Residential (EQR) has been extremely active in the investment market. The New York State Common Retirement Fund has a substantial $17.22 Million Position in Equity. Amongst various other transactions, 6,580 shares were bought by Retirement Planning Co of New England and SteelPeak Wealth LLC made a bold new $2.58 Million investment. However, M&T Bank Corp sold 3,952 shares, and Nisa Investment Advisors LLC decreased their position. Notably, EQR's CFO will become its investment chief following CIO Brackenridge's retirement. Equity Residential purchased eight Atlanta-area apartment properties totalling $535m, and continued this bold strategy acquiring Iris O4W for $126.3 million and an impressive $964m multifamily portfolio from Blackstone. In response to these transactions, UBS and Scotiabank both adjusted their price targets for the company, while Evercore ISI upgraded the stock to Outperform. Despite this, EQR shares dipped by 1.8% since the last earnings report. EQR also declared US$1 Preferred and US$1 Common Dividends for Q2 whilst cautioning about the US economy. The company clearly demonstrates continuous strategic moves towards urban growth, and despite uncertainty in some markets, the focus has been on low-cost efficiency measures and steady growth.
Equity Residential EQR News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sat, 19 Jul 2025 20:34:11 GMT -
Rating -2
- Innovation 3
- Rumor -4
