Barclays analyst Anthony Powell maintained a Hold rating on Equity Residential (EQR – Research Report) today and set a price target of $67.00. The company’s shares closed last Friday at $60.03.
According to TipRanks, Powell is an analyst with an average return of -4.9% and a 43.87% success rate. Powell covers the Real Estate sector, focusing on stocks such as Cousins Properties, SL Green Realty, and Boston Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equity Residential with a $65.13 average price target.
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The company has a one-year high of $67.96 and a one-year low of $52.01. Currently, Equity Residential has an average volume of 2.34M.
Based on the recent corporate insider activity of 35 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. Most recently, in December 2023, David Neithercut, a Director at EQR sold 36,564.00 shares for a total of $2,228,210.16.
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Equity Residential (EQR) Company Description:
Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.
Read More on EQR:
- A New Cause for Concern: Equity Residential Adds a New Debt & Financing Risk
- Equity Residential sees Q1 normalized FFO 88c-92c
- Equity Residential reports Q4 normalized FFO $1.00, consensus $1.00
- Equity Residential initiated with a Hold at Deutsche Bank
- Equity Residential price target raised to $62 from $58 at Mizuho
