Equity Residential Receives Average Rating of “Hold” from Analysts (NYSE:EQR)
Equity Residential (NYSE:EQR) has earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the stock, Analyst Ratings News reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $58.88.
Equity Residential (NYSE:EQR) opened at 63.18 on Friday. Equity Residential has a 1-year low of $50.08 and a 1-year high of $63.23. The stock’s 50-day moving average is $60.70 and its 200-day moving average is $56.71. The company has a market cap of $22.821 billion and a P/E ratio of 25.62.
Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ 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.
Several analysts have recently commented on the stock. 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.
Equity Residential (NYSE:EQR) is a real estate investment trust (REIT).
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