|Bid||85.88 x 800|
|Ask||85.88 x 800|
|Day's range||85.04 - 86.72|
|52-week range||56.08 - 88.09|
|Beta (5Y monthly)||0.80|
|PE ratio (TTM)||30.24|
|Earnings date||08 Feb 2022 - 14 Feb 2022|
|Forward dividend & yield||2.41 (2.80%)|
|Ex-dividend date||24 Sep 2021|
|1y target est||89.91|
Outsized inflation is generally bad for stocks because it prompts the Federal Reserve to raise interest rates, and higher rates have a tendency to cause the economy to slow. One quite visible sign of this effect on stocks is in relation to how inflation affects commodity prices. As inflation rises, commodity producers will outperform commodity users.
The COVID-19 lockdowns over the past 18 months were particularly hard on apartment real estate investment trusts (REITs), as many had tenants who were unable to work and pay rent. Equity Residential (NYSE: EQR), one of the leading apartment REITs in the country, has been working to resolve the difficult situation and its management recently reported that its recovery from pandemic-related shortfalls is almost complete. Equity Residential specializes in high-end urban apartments in some of the most attractive markets in the United States.
CHICAGO, November 10, 2021--Equity Residential (NYSE: EQR), today announced that the Company was named the Gold Nareit 2021 Diversity, Equity and Inclusion ("DEI") award recipient. This award recognizes Equity Residential for having demonstrated a strong commitment to the advancement of diversity and inclusion both within the Company as well as in the REIT and publicly traded real estate industry.