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Equity Residential (NYSE:EQR)’s share price reached a new 52-week high on Thursday , Stock Ratings Network.com reports. The stock traded as high as $62.90 and last traded at $62.73, with a volume of 446,759 shares. The stock had previously closed at $62.13.

A number of analysts have recently weighed in on EQR shares. Analysts at Goldman Sachs raised their price target on shares of Equity Residential from $49.00 to $56.00 in a research note on Thursday, May 15th. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Equity Residential in a research note on Tuesday, May 6th. They now have a $63.00 price target on the stock, up previously from $62.00. Finally, analysts at Compass Point cut their price target on shares of Equity Residential from $56.50 to $55.50 in a research note on Tuesday, May 6th. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Equity Residential has an average rating of “Hold” and an average target price of $58.88.

The stock’s 50-day moving average is $60.49 and its 200-day moving average is $56.6. The company has a market cap of $22.821 billion and a P/E ratio of 25.19.

Equity Residential (NYSE:EQR) last announced its earnings results on Wednesday, April 30th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.71 by $0.61. The company had revenue of $633.44 million for the quarter, compared to the consensus estimate of $635.84 million. On average, analysts predict that Equity Residential will post $3.09 earnings per share for the current fiscal year.

Equity Residential (NYSE:EQR) is a real estate investment trust (REIT).

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