Barclays analyst Ross L Smotrich maintained a Hold rating on Equity Residential (NYSE: EQR) on October 12 and set a price target of $65. The company’s shares closed on Friday at $62.67.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.8% and a 62.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Safety Income & Growth Inc.
Currently, the analyst consensus on Equity Residential is a Hold with an average price target of $66.75.
See today’s analyst top recommended stocks >>
Equity Residential’s market cap is currently $23.08B and has a P/E ratio of 56.15. The company has a Price to Book ratio of 2.27.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Last month, David Neithercut, the CEO of EQR sold 30,000 shares for a total of $2,040,000.
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.
