|Bid||82.44 x 800|
|Ask||0.00 x 800|
|Day's Range||82.28 - 83.11|
|52 Week Range||62.40 - 83.11|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||41.18|
|Earnings Date||Oct 22, 2019|
|Forward Dividend & Yield||2.27 (2.74%)|
|1y Target Est||80.21|
This year is shaping up to be one of the hottest for multifamily sales across metro Denver. With the big sale of Union Denver, record-setting portfolio deals and plenty of recent activity in the suburbs, brokers are saying they’ve never been busier. “Calls are coming in on a weekly basis with interest in this market,” said Terrance Hunt, vice chairman of Newmark Knight Frank’s multifamily team.
The Zacks Analyst Blog Highlights: Equity Lifestyle Properties, Equity Residential, Kinross Gold, Barrick Gold and Kirkland Lake Gold
U.S. inflation picks up in July as core prices strengthen. In such an inflationary environment, investors should buy real estate and gold which increase in value at a rate in excess of the rate of inflation.
Essex Property (ESS) will likely benefit from its strong property base in West Coast, solid balance sheet, favorable demographics, stable economy and job gains.
Real-estate investment trusts have been on a tear this year, notching a nearly 20% gain that has made some look fully valued just as investors turn to them for shelter from recent market storms. Rental-housing REITs look solid to some, however.
Rayonier's (RYN) overall performance in Q2 reflects the uncertainty associated with the U.S.-China trade dispute and choppy lumber market conditions.
Lamar Advertising's (LAMR) FFO miss in Q2 reflects lackluster growth in revenues. However, management remains confident and maintains full-year guidance for adjusted FFO.
Apartment Investment and Management Company (AIV) witnesses decline in revenues due to lost contribution from the Asset Management business sale.
Equity Residential's (EQR) Q2 performance indicates elevated same-store, lease-up and other non-same store NOI amid healthy demand across its markets.
Equity Residential (EQR) delivered FFO and revenue surprises of 1.18% and 0.30%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Equity Residential today reported results for the quarter and six months ended June 30, 2019. All per share results are reported as available to common shares/units on a diluted basis.
The Zacks Analyst Blog Highlights: Essex Property, Equity Residential, Federal Realty and Kimco Realty
While Equity Residential's (EQR) Q2 performance will likely benefit from healthy rental housing demand that would support occupancy level, high supply might curb its pricing power.
Moody's Investors Service ("Moody's") has affirmed the senior unsecured rating of Equity Residential's ("EQR") operating partnership, ERP Operating Limited Partnership, at A3. In the same rating action, Moody's affirmed the operating's partnership's P-2 rating for its commercial paper program as well as the preferred stock and preferred stock shelf ratings of Equity Residential at Baa1 and (P)Baa1.
Fundamentals of some underlying assets of REITs display strength in Q2 amid healthy labor market and resilient consumer sentiment, leading to higher demand for real estate and occupancy levels.
Essex Property's (ESS) Q2 performance will likely reflect benefits from favorable demographic trends, healthy economy and job-market growth in its markets despite supply issues in some markets.
Dweck Properties Inc. has picked up another multifamily property in Pentagon City, not far from where Amazon.com Inc. (NASDAQ: AMZN) is settling into its second home. The acquisition, from an affiliate of Equity Residential (NYSE: EQR), is the second big apartment deal in the same general area in two months, following the sale of the 534-unit Meridian at Pentagon City in May for $228 million to a joint venture of Polinger Development Co. and an unidentified institutional investor. Commercial real estate research firm Delta Associates projects Amazon's arrival will create demand from about 6,600 HQ2 employees seeking apartments or condos in the D.C. area by 2030, the majority of them in or near Pentagon City, a figure that increases to 9,900 at full build-out by 2034.
With the possibility of a rate cut, REITs are back in the limelight. Moreover, with greater demand and higher occupancy levels, prospects of a number of REITs are getting a boost.