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Equity Residential (EQR)
NYSE - NYSE Delayed Price. Currency in USD
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I made a video about Equity Residential ($EQR)
Check it on YouTube:
EQR Stock Analysis📈, is Equity Residential a BUY?
At the end of the day, no matter how much money you make, everyone needs a home right?
Small fry investor picking up shares here in the low 50s. Gonna throttle back for now and see how this looks in late fall-winter.
I started following "lionstock-aletrs” (Gooogle it - off course without any space or dash in between the words) and their notifications are better than anyone else.
Perfect dividend stock for the long-term investor.
Buy buy buy
I worked for this company for years. The biggest difference between them and their main competitor, Avalon, is that they have focused almost entirely on acquiring urban properties and offloading suburban properties for years. Their portfolio is almost entirely limited to luxury urban dwellings in high price urban areas. Even if most of their tenants aren’t losing their jobs outright, nearly their entire portfolio is very sensitive to economic downturn that is especially focused in cities. Nevermind the debt load from new urban developments. It’s got support at $55 right now but I can see this going into the low 40’s easily. Long term put option may be worth the risk.
The overhead on their urban developments are huge. Really interested to see what unit occupancy and collections look like for June.
Debt to EBITDA is at 5.12, and the payout ratio is insane. Had a 6% growth in FFO 2019-2020 1Q. The REIT looks pretty decent :)
Don't know why fund managers are afraid of Equity Residential. Strongest REIt around.
Sorry folks. I'm not too bright when it comes to this stock. I'm a bagholder and deserve to be bashed. So I'm going to go back to my crystal ball and see where this stock is going. Hopefully up again !
An idea to improve occupancy is to offer Movie Pass free subscription to new tenants for the length of their lease.
Rent won't get paid over the summer. Renters young and old will flee the city for mom's house or their second home, and give up the lease. Businesses, large and small, especially large, will abandon commercial leases for liability concerns of the virus, and that will last many years. EQR has debt. If they had NO debt they would be ok, but they have debt, and this is the perfect storm to destroy city real estate. The virus is in the venting systems, the bathrooms, the hallways, the doors. Watch rent prices go down faster than ever in history.
Most of EQR's properties are in apartment complexes. My wife used to manage their apartments for many years. Vacancies may increase over the months ahead but people don't want to be thrown out in the streets. Rates may decrease this summer as well hurting the bottom line like everyone else.
Residential apartments still in high demand post Coronavirus. I added more eqr to take advantage of the panic price decline. I never lost a night's sleep with eqr.
Whats with this?
joint venture of Jefferson Apartment Group and Lasalle Investment Management has acquired the 289-unit CityView at Longwood apartment complex adjacent to Boston’s Longwood Medical Area and plans to upgrade the property.
The seller was Chicago-based Equity Residential (NYSE: EQR), and the sale price was around $180 million, a Jefferson Apartment Group representative said.
The McLean, Virginia-based apartment development firm owns multi-family complexes in Florida, Pennsylvania, the Washington, D.C. area and New England. Its Massachusetts assets include Jefferson One Upland at 8 Upland Woods Circle in Norwood, Arlington 360 at 4105 Symmes Circle in Arlington, Legacy Park at 112 Marston St. in Lawrence and the under-construction J Malden Center at 190 Pleasant St. in Malden.
Jim Butz, CEO of Jefferson Apartment Group, said in a statement that the company plans to upgrade both the CityView units as well as the complex’s common areas.
Don't know who monitors these boards, but wish they would ban/ delete politically oriented ones. Plenty of places to express ones views without clogging up boards such as this dedicated to other interests. And you know what they say about opinions...
I am an equity residential resident. I live in a crowded 40 story building they own w/780 units in S. CA. They did nothing in response to COVID-19 until today.
I sent this email in response to their negligence. I would take lawsuit risk pretty seriously here. More, resident WILL want out of their squallor and I think if they have cash flow issues, they should be shorted like crazy.
"During the period of delay and negligent non-response, I felt the need to vacate my own home, which I did. Now that you have taken appropriate actions I will return to my home tomorrow. This decision to leave and my assessment of your response was not made from a place of emotion, but as a person who had to look at data and make impactful decisions about this as well. My conclusion that EQR was acting unreasonably and negligently is based on the fact that a reasonable person could not possibly in good faith have adequately taken stock of the situation and done what EQR did. I cannot speak to the role that concerns about factors unrelated to resident safety played in EQRs decision to delay.
However I do feel that the delay in taking these actions put people in danger. Vantage Pointe staff is not responsible for that. Staff are the victims of the corporate negligence as well.
EQR should be ashamed of itself. The people put most at risk were likely the maintenance staff. I suspect some of these people have to cross the border every day to work a hard job, and for a multi billion dollar corporation to put those people in a position where they not only could get sick get their family sick, but bring a disease into another country shows a level of corporate neglect that is quite disappointing."
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Equity Residential reached a 52 Week low at 69.60
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