Stock analysts at StockNews.com assumed coverage on shares of Equity Residential (NYSE:EQR – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.
EQR has been the topic of several other research reports. Credit Suisse Group downgraded shares of Equity Residential from an “outperform” rating to a “neutral” rating and set a $58.00 target price on the stock. in a research note on Monday, January 9th. Truist Financial boosted their target price on shares of Equity Residential from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, March 10th. Citigroup boosted their target price on shares of Equity Residential from $68.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, February 15th. Morgan Stanley upped their price target on shares of Equity Residential from $67.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 1st. Finally, Argus upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research report on Thursday, November 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $72.00.
Equity Residential Stock Up 0.1 %
Shares of NYSE:EQR opened at $59.97 on Thursday. Equity Residential has a 52 week low of $57.38 and a 52 week high of $94.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.33 and a current ratio of 0.33. The company’s fifty day moving average is $62.53 and its 200-day moving average is $64.13. The company has a market capitalization of $22.70 billion, a PE ratio of 29.11, a P/E/G ratio of 2.97 and a beta of 0.80.
Institutional Trading of Equity Residential
About Equity Residential
Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H.
- Get a free copy of the StockNews.com research report on Equity Residential (EQR)
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