Increase In Housing Starts Might Signal Headwinds For Residential REITs [Seeking Alpha]
Equity Residential Common Shares of Beneficial Interest (EQR)
Last equity residential common shares of beneficial interest earnings: 1/28 04:16 pm
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Source: Seeking Alpha
Increase In Housing Starts Might Signal Headwinds For Residential REITs Summary If more people buy homes, then rental rate growth will likely slow, which could have an impact on residential REITs. The recent permits and housing starts data was positive but could signal a shift in buyer sentiment if it continues. In the short term, we are still bullish on residential REITs, but are cautious about an uptick in home ownership. When housing starts and building permits were reported earlier this week it was good news for the housing market and overall economy in general, but might not be such good news for REITs focused on residential housing. That includes apartment REITs, single-family home REITs, and manufactured housing REITs as well. New building permits were reported at an annualized rate of 1.296M permits, which was slightly above the consensus forecast of 1.29M. Housing starts were reported at 1.235M – above the consensus of 1.205M. Both are still below the recent high but have sta
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News
- 4 REITs With New Price Target Increases [Yahoo! Finance]Yahoo! Finance
- Equity Residential (NYSE: EQR) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $68.00 price target on the stock.MarketBeat
- Equity Residential (NYSE: EQR) had its price target raised by analysts at Piper Sandler from $62.00 to $70.00. They now have a "neutral" rating on the stock.MarketBeat
- Equity Residential (NYSE:EQR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Equity Residential (NYSE: EQR) had its price target raised by analysts at Evercore ISI from $67.00 to $70.00. They now have an "outperform" rating on the stock.MarketBeat
EQR
Earnings
- 4/23/24 - Miss
EQR
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/26/24 - Form 144
- EQR's page on the SEC website