In a report released today, Drew Babin from Robert W. Baird reiterated a Hold rating on Equity Residential (EQR), with a price target of $70. The company’s shares closed yesterday at $69.40, close to its 52-week high of $69.92.
According to TipRanks.com, Babin is a 4-star analyst with an average return of 8.6% and a 78.9% success rate. Babin covers the Financial sector, focusing on stocks such as Investors Real Estate ate, Essex Property Trust, and Global Medical REIT.
Equity Residential has an analyst consensus of Moderate Buy, with a price target consensus of $68.57.
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The company has a one-year high of $69.92 and a one-year low of $54.97. Currently, Equity Residential has an average volume of 1.68M.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Mark Parrell, the President of EQR sold 37,294 shares for a total of $2,521,256.
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.
