Equity Residential (NYSE:EQR) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Wednesday.

EQR has been the subject of several other reports. Argus set a $75.00 price objective on shares of Equity Residential and gave the stock a “buy” rating in a report on Thursday, April 27th. Cantor Fitzgerald reissued a “hold” rating and set a $63.00 price objective on shares of Equity Residential in a report on Wednesday, April 26th. Barclays PLC reissued a “hold” rating and set a $65.00 price objective on shares of Equity Residential in a report on Tuesday. Evercore ISI raised their price objective on shares of Equity Residential from $62.00 to $63.00 and gave the stock an “underperform” rating in a report on Wednesday, April 19th. Finally, Zacks Investment Research raised shares of Equity Residential from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $67.11.

Analyst Recommendations for Equity Residential (NYSE:EQR)

Shares of Equity Residential (NYSE:EQR) traded up 0.15% during trading on Wednesday, hitting $65.51. 1,313,967 shares of the company were exchanged. Equity Residential has a 12 month low of $58.28 and a 12 month high of $71.53. The stock has a market cap of $24.05 billion, a P/E ratio of 28.48 and a beta of 0.32. The company’s 50-day moving average price is $64.12 and its 200 day moving average price is $62.64.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.74 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.74. The business had revenue of $604.10 million during the quarter, compared to analyst estimates of $605.69 million. Equity Residential had a net margin of 176.91% and a return on equity of 40.11%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. On average, equities analysts predict that Equity Residential will post $1.36 earnings per share for the current fiscal year.

WARNING: This report was first posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/05/19/equity-residential-eqr-cut-to-c-at-thestreet.html.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Anchor Capital Advisors LLC increased its stake in shares of Equity Residential by 1.4% in the first quarter. Anchor Capital Advisors LLC now owns 3,625 shares of the real estate investment trust’s stock valued at $226,000 after buying an additional 50 shares in the last quarter. Delta Asset Management LLC TN increased its stake in shares of Equity Residential by 2.9% in the first quarter. Delta Asset Management LLC TN now owns 2,012 shares of the real estate investment trust’s stock valued at $125,000 after buying an additional 57 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Equity Residential by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,962 shares of the real estate investment trust’s stock valued at $1,349,000 after buying an additional 84 shares in the last quarter. Financial Architects Inc increased its stake in shares of Equity Residential by 5.9% in the first quarter. Financial Architects Inc now owns 1,694 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 94 shares in the last quarter. Finally, Cleararc Capital Inc. increased its stake in shares of Equity Residential by 1.1% in the first quarter. Cleararc Capital Inc. now owns 8,993 shares of the real estate investment trust’s stock valued at $560,000 after buying an additional 100 shares in the last quarter. 96.62% of the stock is owned by institutional investors and hedge funds.

About Equity Residential

Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. Its segments include Boston, New York, Washington DC, Southern California, San Francisco, Seattle and Other Markets. Southern California includes Los Angeles, San Diego and Orange County.

5 Day Chart for NYSE:EQR

Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.