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EQR

Equity Residential

https://www.equityapartments.com

Industry

REIT - Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver.

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Scotiabank analyst Nicholas Yulico maintains a Sector Perform rating on Equity Residential (NYSE:EQR) and raises the price target from $72 to $73.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:38 pm

Blackstone Inc. (NYSE:BX) has sold an apartment portfolio worth $964 million to Equity Residential (NYSE:EQR). The portfolio includes properties in Atlanta, Dallas/Ft. Worth, and Denver. The transaction is expected to close in Q3 2024. Additionally, Blackstone has agreed to a majority investment in Westwood Professional Services, Inc. Investors can gain exposure to BX stock via EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO) and Invesco Global Listed Private Equity ETF (NYSE:PSP).

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 4:12 pm

In the last three months, 13 analysts have published ratings on Equity Residential (NYSE:EQR), with a mix of bullish, somewhat bullish, and indifferent sentiments. The average 12-month price target has increased by 6.15% to $73.69. Analysts have raised their price targets, reflecting positive sentiment towards the company's financial performance and market position.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 9:00 pm

Wedbush analyst Richard Anderson maintains a Neutral rating on Equity Residential (NYSE:EQR) and raises the price target from $68 to $75.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 6:38 pm

RBC Capital analyst Brad Heffern maintains an Outperform rating on Equity Residential (NYSE:EQR) and raises the price target from $74 to $75.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 2:11 pm

Piper Sandler analyst Alexander Goldfarb maintains an Overweight rating on Equity Residential (NYSE:EQR) and raises the price target from $80 to $85.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 11:31 am

Equity Residential has raised its 2024 Funds From Operations (FFO) guidance range from $3.80-$3.90 to $3.86-$3.92.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:36 pm

Equity Residential (NYSE:EQR) reported Q2 2024 earnings per share of $0.97, beating the analyst estimate of $0.96. However, its rental income of $734.163 million slightly missed the estimate of $734.368 million. This represents a 2.35% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 8:33 pm

Equity Residential (NYSE:EQR) has received diverse analyst ratings over the past three months, with a recent trend towards more bullish evaluations. Analysts have raised their 12-month price targets, reflecting increased confidence in the company's performance. Key financial metrics such as revenue growth, net margin, ROE, and ROA surpass industry averages, indicating strong financial health.

Portfolio Pulse from Benzinga Insights

July 18, 2024 | 6:01 pm

UBS analyst Brent Dilts maintains a Buy rating on Equity Residential (NYSE:EQR) and raises the price target from $75 to $82.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 4:52 pm

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