Equity Residential PT Lowered to $55.00 (EQR)
BMO Capital Markets reduced their target price on shares of Equity Residential (NYSE:EQR) from $58.00 to $55.00 in a research note issued on Friday, AnalystRatings.NET reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 3.97% from the stock’s previous close.
A number of other firms have also recently commented on EQR. Analysts at Zacks reiterated a “hold” rating on shares of Equity Residential in a research note to investors on Friday. They now have a $57.00 price target on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Equity Residential from $59.00 to $56.00 in a research note to investors on Friday. They now have an “in-line” rating on the stock. Finally, analysts at Raymond James upgraded shares of Equity Residential from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $59.92.
Equity Residential (NYSE:EQR) opened at 52.90 on Friday. Equity Residential has a 52 week low of $50.24 and a 52 week high of $60.97. The stock has a 50-day moving average of $54.24 and a 200-day moving average of $55.7. The company has a market cap of $19.062 billion and a P/E ratio of 8.90.
Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.01. The company had revenue of $629.45 million for the quarter, compared to the consensus estimate of $640.55 million. During the same quarter last year, the company posted $0.92 earnings per share. On average, analysts predict that Equity Residential will post $2.48 earnings per share for the current fiscal year.
Equity Residential (NYSE:EQR) is a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.