Streetbeat News

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.

Open

67.92

Mkt cap

26B

Volume

1.6M

High

68.74

P/E Ratio

28.80

52-wk high

78.83

Low

67.81

Div yield

0.04

52-wk low

57.33

Equity Residential (EQR) is experiencing strong renter demand and has been strategically repositioning its portfolio. However, the company faces challenges from increased supply and higher interest expenses.

Portfolio Pulse from

January 20, 2025 | 2:45 pm

Equity Residential (EQR) is rated as a 'hold' due to its fair valuation, secure and growing dividend, and potential for 8-9% long-term returns. Its focus on legacy markets like NYC and San Francisco has insulated it from increased Sun Belt apartment supply, aiding rent growth. Strong renewal activity and high occupancy rates are supported by housing unaffordability and high mortgage rates, benefiting rental demand.

Portfolio Pulse from

January 02, 2025 | 5:30 pm

Equity Residential (EQR) is highlighted as a strong investment choice due to its focus on affluent renters in high-barrier coastal markets, stable revenue and FFO growth, and a robust balance sheet. The company offers a 3.8% dividend yield, making it attractive for long-term investors.

Portfolio Pulse from

January 01, 2025 | 12:45 pm

Equity Residential (NYSE: EQR) has been awarded the Nareit 2024 Leader in the Light Award for the Residential sector, marking the fourth time the company has received this honor. The award recognizes REITs for leadership in sustainable and socially responsible practices.

Portfolio Pulse from

November 25, 2024 | 9:30 pm

Equity Residential (EQR) has seen a 20.9% rise in its stock year-to-date, driven by strong demand for rental units and effective portfolio diversification. The company's solid financial position supports this positive trend.

Portfolio Pulse from

November 21, 2024 | 3:30 pm

RBC Capital analyst Brad Heffern maintains an Outperform rating on Equity Residential (NYSE:EQR) but lowers the price target from $83 to $79.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 5:15 pm

Equity Residential shares are trading lower following the company's Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 3:03 pm

Equity Residential reported its Q3 2024 financial results, with a normalized FFO of $0.98 and sales of $748.348 million, surpassing the estimated $743.927 million.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:16 pm

B of A Securities has downgraded Equity Residential (NYSE:EQR) from Buy to Neutral, while raising the price target from $78 to $82.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 3:08 pm

Jim Cramer expressed his views on several stocks on CNBC's 'Mad Money Lightning Round.' He recommended buying Pfizer and First Solar, while labeling Moderna as a 'big disappointment.' Cramer also commented on Six Flags, Equity Residential, Vertiv Holdings, and Powell Industries, providing insights into their current market positions.

Portfolio Pulse from Avi Kapoor

September 18, 2024 | 12:06 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.