Equity Residential Stock Rating Lowered by Raymond James (EQR)
Several other analysts have also recently commented on the stock. Analysts at Argus raised their price target on shares of Equity Residential from $65.00 to $68.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Equity Residential from $61.00 to $64.00 in a research note on Wednesday, July 9th. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Equity Residential in a research note on Tuesday, June 24th. They now have a $65.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Equity Residential currently has an average rating of “Hold” and an average target price of $60.19.
Shares of Equity Residential (NYSE:EQR) opened at 64.50 on Friday. Equity Residential has a 52-week low of $50.08 and a 52-week high of $64.97. The stock’s 50-day moving average is $62.65 and its 200-day moving average is $58.96. The company has a market cap of $23.298 billion and a price-to-earnings ratio of 26.31.
Equity Residential (NYSE:EQR) last issued its quarterly earnings data 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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