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Equity Residential (NYSE:EQR) was downgraded by Raymond James to a “market perform” rating in a research note issued on Friday.

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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