Equity Residential (EQR) maintains a
sector perform rating from Scotiabank, while Evercore ISI upgrades its status to Outperform due to
thriving coastal markets. This uplift comes as the company's CFO Transitions to the role of investment chief. EQR's strong Q2 results likely mitigated worries about the earlier half-year performance, but lease growth issues persist despite an increase in guidance. Amid mixed analyst ratings and strong fundamentals, Mizuho Securities USA has invested almost $2M in EQR. Wall Street Zen brings a slightly negative outlook by
downgrading EQR to 'Sell', which contrasts with Barclays' assigning EQR a new price target of $81.00. A series of investment firms including OneAscent Investment Solutions, JPMorgan Chase & Co., and Vanguard Group have increased their stake in EQR, indicating a general positive sentiment regarding the stock's future performance. While Evercore ISI and Scotiabank lowered their price target for EQR, results from Q2 reflect
strong retention and revenue growth. Consequently, EQR plans to continue its property acquisition strategy, particularly in Atlanta, funded by the new investment and expected Q3 earnings. The fascinating advancement in technological adoption is also noticed, as EQR begins to utilise artificial intelligence extensively in real estate.
Equity Residential EQR News Analytics from Tue, 04 Feb 2025 08:00:00 GMT to Sat, 16 Aug 2025 22:28:59 GMT -
Rating 5
- Innovation 2
- Information 2
- Rumor -4
