Equity Residential is a publicly traded real estate investment trust (REIT) that primarily focuses on the acquisition, development, and management of residential apartment communities in urban and high-demand suburban areas across the United States
The company aims to provide high-quality living environments by investing in properties that offer modern amenities and a convenient lifestyle for its residents. Equity Residential’s portfolio includes a diverse range of multifamily housing options, catering to various demographics and lifestyle preferences, while also emphasizing sustainability and community engagement in its operations.
Jim Cramer likes Pfizer and recommends buying more stock. Six Flags is struggling, but Cramer likes First Solar and Equity Residential. Moderna has been disappointing, but Cramer likes Vertiv and Powell Industries as buys.
Goldman Sachs analyst initiated coverage of multifamily and single-family rental REITs with Buy ratings and price targets ranging from $46-$318, citing favorable growth environment and strong demand. UDR was the only stock rated Sell with a price target of $42.
Blackstone & Equity Residential ink $964M deal for 11 apartment properties, expected to close in Q3 2024. Blackstone also invests in Westwood Professional Services.
