|Bid||62.95 x 900|
|Ask||64.96 x 800|
|Day's range||63.97 - 65.30|
|52-week range||57.38 - 94.32|
|Beta (5Y monthly)||0.82|
|PE ratio (TTM)||22.17|
|Earnings date||09 Feb 2023|
|Forward dividend & yield||2.50 (3.91%)|
|Ex-dividend date||30 Dec 2022|
|1y target est||66.95|
Improving apartment living demand and expansionary efforts into the suburban markets bode well for Equity Residential (EQR). A flexible working environment and rising interest rates are woes.
SL Green's (SLG) Q4 earnings miss estimates on lower-than-anticipated revenues and a fall in occupancy. However, same-store cash net operating income improves year over year.
Since the COVID-19 pandemic, residential real estate has been one of the best-performing asset classes. In some hot markets, like Phoenix and Austin, home prices rose 50% or more. Does this present a problem for apartment real estate investment trusts (REITs) like Equity Residential (NYSE: EQR)?