In a report released yesterday, John Kim from BMO Capital maintained a Hold rating on Equity Residential (NYSE: EQR). The company’s shares closed yesterday at $63.74.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 3.9% and a 55.0% success rate. Kim covers the Financial sector, focusing on stocks such as Physicians Realty Trust, Columbia Property Trust, and Sabra Healthcare REIT.
The word on The Street in general, suggests a Hold analyst consensus rating for Equity Residential with a $68.71 average price target, representing a 7.8% upside. In a report issued on October 12, Barclays also maintained a Hold rating on the stock with a $65 price target.
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Based on Equity Residential’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $113 million. In comparison, last year the company had a net profit of $121 million.
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.
