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Analysts Are Bullish on These Real Estate Stocks: Equity Residential (EQR), Ellington Financial (EFC)

Tipranks - Thu Apr 30, 10:04AM CDT

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

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Equity Residential (EQR)

In a report released today, Michael Lewis from Truist Financial maintained a Buy rating on Equity Residential. The company’s shares closed last Wednesday at $65.72.

According to TipRanks.com, Lewis is a 5-star analyst with an average return of 9.5% and a 64.9% success rate. Lewis covers the NA sector, focusing on stocks such as SmartStop Self Storage REIT, Inc., Easterly Government Properties, and American Healthcare REIT, Inc. ;'>

Equity Residential has an analyst consensus of Moderate Buy, with a price target consensus of $70.27, representing a 9.3% upside. In a report issued on April 16, TipRanks – xAI also upgraded the stock to Buy with a $68.00 price target.

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Ellington Financial (EFC)

Maxim Group analyst Michael Diana reiterated a Buy rating on Ellington Financial yesterday and set a price target of $15.00. The company’s shares closed last Wednesday at $13.23.

According to TipRanks.com, Diana is a 4-star analyst with an average return of 2.2% and a 55.1% success rate. Diana covers the Financial sector, focusing on stocks such as Westamerica Bancorporation, Abacus Global Management, and Cullen/Frost Bankers. ;'>

Currently, the analyst consensus on Ellington Financial is a Strong Buy with an average price target of $14.75, implying a 10.9% upside from current levels. In a report issued on April 24, BTIG also maintained a Buy rating on the stock with a $14.50 price target.

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