Scotiabank analyst Nicholas Yulico reiterated a Buy rating on Equity Residential (EQR) yesterday and set a price target of $71. The company’s shares opened today at $68.16, close to its 52-week high of $70.35.
According to TipRanks.com, Yulico is a 1-star analyst with an average return of -2.1% and a 45.8% success rate. Yulico covers the Financial sector, focusing on stocks such as Hudson Pacific Properties, SL Green Realty, and Douglas Emmett.
Equity Residential has an analyst consensus of Moderate Buy, with a price target consensus of $68.63, which is a 0.7% upside from current levels. In a report issued on October 30, Argus Research also maintained a Buy rating on the stock with a $71 price target.
.
See today’s analyst top recommended stocks >>
Equity Residential’s market cap is currently $25.06B and has a P/E ratio of 64.23. The company has a Price to Book ratio of 2.46.
Based on the recent corporate insider activity of 47 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.
