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

72.11

Mkt cap

28B

Volume

1.4M

High

73.91

P/E Ratio

30.89

52-wk high

78.83

Low

71.97

Div yield

0.04

52-wk low

53.48

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

Foreign investment in U.S. homes has dropped to its lowest in 15 years due to high prices and low supply. This trend marks the seventh consecutive yearly decline. The U.S. real estate market is affected by high inflation and rising mortgage rates, which have reduced the supply of homes. Anticipation of a potential Fed rate cut has already caused a slight improvement in mortgage applications. Real estate companies and ETFs focused on the residential sector may see short-term impacts.

Portfolio Pulse from Natan Ponieman

July 17, 2024 | 7:00 pm

President Biden plans to propose a nationwide cap on rental costs, targeting landlords with more than 50 units who increase rents by more than 5% annually. The proposal aims to address Democratic concerns and will need Congressional approval. It excludes new constructions to avoid discouraging new rental housing development.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 6:38 pm

Wall Street's most accurate analysts have spotlighted three high-dividend-yielding real estate stocks: Camden Property Trust (CPT), Equity Residential (EQR), and STAG Industrial, Inc. (STAG). Analysts have provided updated ratings and price targets for these stocks, which are known for their high free cash flows and substantial dividend payouts.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

Piper Sandler has upgraded Equity Residential (NYSE:EQR) from Neutral to Overweight and raised the price target from $70 to $80.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 9:32 am

Truist Securities has maintained its Buy rating on Equity Residential (NYSE:EQR) and raised the price target from $67 to $73, as per analyst Michael Lewis.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 12:23 pm

13 analysts have recently published ratings on Equity Residential (NYSE:EQR), showing a range of sentiments from bullish to indifferent. The average 12-month price target has increased to $68.85, with a high estimate of $75.00 and a low estimate of $62.00. Analysts have generally raised their price targets, reflecting positive sentiment towards the company's financial performance and market position.

Portfolio Pulse from Benzinga Insights

June 17, 2024 | 6:01 pm

JP Morgan analyst Anthony Paolone maintains a Neutral rating on Equity Residential (NYSE:EQR) and raises the price target from $66 to $68.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:03 pm

Wells Fargo analyst James Feldman has maintained an Overweight rating on Equity Residential (NYSE:EQR) and raised the price target from $66 to $69.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 4:16 pm

Over the past three months, 11 analysts have evaluated Equity Residential (NYSE:EQR), showing a range of sentiments from bullish to bearish. The average 12-month price target has increased by 3.04% to $68.91. Recent analyst actions include several rating raises and one downgrade, reflecting a generally positive outlook.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 1:00 pm

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