Barclays Maintains a Hold Rating on Equity Residential (EQR)


Barclays analyst Ross L Smotrich maintained a Hold rating on Equity Residential (EQR) yesterday and set a price target of $77. The company’s shares opened today at $76.21, close to its 52-week high of $77.83.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 5.8% and a 60.9% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Pennsylvania Real Estate Investment, and Apartment Investment & Management.

Currently, the analyst consensus on Equity Residential is a Hold with an average price target of $79.25.

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The company has a one-year high of $77.83 and a one-year low of $61.67. Currently, Equity Residential has an average volume of 1.25M.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Alan George, the EVP & CIO of EQR sold 30,000 shares for a total of $2,317,200.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Equity Residential operates as a real estate investment trust, which engages in the acquisition, development, and management of rental apartment properties. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.

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