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Wall Street Analysts Are Bullish on Top Real Estate Picks

Tipranks - Thu Jun 11, 1:00AM CDT

There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on BXP (BXP) and Equity Residential (EQR) with bullish sentiments.

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BXP (BXP)

In a report issued on June 8, Jeffrey Spector from Bank of America Securities reiterated a Buy rating on BXP. The company’s shares closed last Tuesday at $66.61.

According to TipRanks.com, Spector is a 4-star analyst with an average return of 5.8% and a 60.4% success rate. Spector covers the NA sector, focusing on stocks such as Eastgroup Properties, Kite Realty Group, and Equity Lifestyle. ;'>

BXP has an analyst consensus of Moderate Buy, with a price target consensus of $67.15, a 2.6% upside from current levels. In a report issued on May 29, Wells Fargo also maintained a Buy rating on the stock.

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Equity Residential (EQR)

Bank of America Securities analyst Jana Galan maintained a Buy rating on Equity Residential on June 8 and set a price target of $76.00. The company’s shares closed last Tuesday at $67.86.

According to TipRanks.com, Galan is a 1-star analyst with an average return of -3.6% and a 49.0% success rate. Galan covers the NA sector, focusing on stocks such as Essential Properties Realty, Hudson Pacific Properties, and Mid-America Apartment. ;'>

Currently, the analyst consensus on Equity Residential is a Moderate Buy with an average price target of $71.75, implying a 6.9% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $79.00 price target.

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