In a report released yesterday, Ross L Smotrich from Barclays maintained a Hold rating on Equity Residential (NYSE: EQR), with a price target of $66. The company’s shares closed yesterday at $64.96.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.1% and a 63.9% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Hudson Pacific Properties.
Equity Residential has an analyst consensus of Moderate Buy, with a price target consensus of $69.14, implying a 6.4% upside from current levels. In a report issued on October 23, BMO Capital also assigned a Hold rating to the stock with a $69 price target.
.
See today’s analyst top recommended stocks >>
Based on Equity Residential’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $100 million. In comparison, last year the company had a net profit of $121 million.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock.
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.
