BMO Capital analyst John Kim maintained a Hold rating on Equity Residential (EQR) yesterday and set a price target of $87.00. The company’s shares closed last Monday at $88.44, close to its 52-week high of $89.12.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 5.2% and a 58.4% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.
Currently, the analyst consensus on Equity Residential is a Hold with an average price target of $82.67, a -7.2% downside from current levels. In a report issued on October 11, Barclays also maintained a Hold rating on the stock with a $87.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $89.12 and a one-year low of $63.17. Currently, Equity Residential has an average volume of 1.53M.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQR in relation to earlier this year.
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.
