Should You Invest In Equity Residential Stock?
- Date: 23-Oct-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Should You Invest In Equity Residential Stock?
UKRAINE - 2019/02/07: In this photo illustration, the Equity Residential Real estate investment ... [+] trust company logo seen displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)
LightRocket via Getty Images
We believe that Equity Residential stock (NYSE: EQR) has an upside potential of 60% post-pandemic when the occupancy rates and demand in residential property rent and lease markets in the urban and densely populated suburban areas improve to pre-Covid levels. EQR trades at $51 currently and it has lost 36% in value year-to-date. It traded at a pre-Covid high of $83 in February and is 38% below that level now. Also, EQR stock has gained a meager 1% from the lows of $50 seen in March 2020, despite
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