Equity Residential (NYSE:EQR)
CAPS Rating:
The Company is focused on the acquisition, development and management of high quality apartment properties in top United States growth markets.
The Company is focused on the acquisition, development and management of high quality apartment properties in top United States growth markets.
Recs
There will be rent growth and occupancy should remain high for this apartment REIT, but the price has just gotten too high. It trades at a 4.15% FFO yield and has a current dividend yield of 2.22%. Despite being well capitalized, top apartments haven't seen big discounts in value. Investment opportunities at good yields will be limited. The stock will underperform the market.