Equity Residential (EQR) Scheduled to Post Earnings on Tuesday
Equity Residential (NYSE:EQR) is scheduled to release its Q214 earnings data on Tuesday, July 29th. Analysts expect Equity Residential to post earnings of $0.77 per share and revenue of $644.28 million for the quarter.
Equity Residential (NYSE:EQR) traded up 1.10% during mid-day trading on Monday, hitting $65.55. 276,553 shares of the company’s stock traded hands. Equity Residential has a 52 week low of $50.08 and a 52 week high of $65.87. The stock’s 50-day moving average is $63.2 and its 200-day moving average is $59.46. The company has a market cap of $23.677 billion and a P/E ratio of 26.29.
EQR has been the subject of a number of recent research reports. Analysts at Mizuho initiated coverage on shares of Equity Residential in a research note on Wednesday, July 23rd. They set a “neutral” rating on the stock. On a related note, analysts at Jefferies Group raised their price target on shares of Equity Residential from $49.00 to $55.00 in a research note on Tuesday, July 22nd. Finally, analysts at Barclays raised their price target on shares of Equity Residential from $63.00 to $67.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Equity Residential currently has a consensus rating of “Hold” and a consensus target price of $61.23.
Equity Residential (NYSE:EQR) is a real estate investment trust (REIT).
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