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Analysts’ Opinions Are Mixed on These Real Estate Stocks: Equity Residential (EQR) and RLJ Lodging (RLJ)

Tipranks - Tue Apr 7, 7:46AM CDT

Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Equity Residential (EQR) and RLJ Lodging (RLJ).

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Equity Residential (EQR)

In a report released today, Steve Sakwa from Evercore ISI maintained a Buy rating on Equity Residential, with a price target of $67.00. The company’s shares closed last Thursday at $60.27, close to its 52-week low of $59.48.

According to TipRanks.com, Sakwa is a 1-star analyst with an average return of -0.6% and a 48.4% success rate. Sakwa covers the NA sector, focusing on stocks such as National Storage Affiliates, Rexford Industrial Realty, and COPT Defense Properties. ;'>

Equity Residential has an analyst consensus of Moderate Buy, with a price target consensus of $69.39, a 16.5% upside from current levels. In a report issued on March 26, Morgan Stanley also upgraded the stock to Buy with a $74.00 price target.

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RLJ Lodging (RLJ)

In a report released today, Gregory Miller from Truist Financial maintained a Hold rating on RLJ Lodging, with a price target of $7.00. The company’s shares closed last Thursday at $7.35.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 12.2% and a 72.0% success rate. Miller covers the NA sector, focusing on stocks such as Lucky Strike Entertainment, MasterCraft Boat Holdings, and OneSpaWorld Holdings. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for RLJ Lodging with a $7.90 average price target, representing an 8.8% upside. In a report issued on March 26, Ladenburg Thalmann & Co. also initiated coverage with a Hold rating on the stock with a $8.50 price target.

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