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Bank of America Securities Sticks to Its Buy Rating for Equity Residential (EQR)

Tipranks - Tipranks - Wed Jul 1, 1:10PM CDT

Bank of America Securities analyst Jana Galan maintained a Buy rating on Equity Residential today and set a price target of $76.00.

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Galan covers the Real Estate sector, focusing on stocks such as AvalonBay, Equity Residential, and Sun Communities. According to TipRanks, Galan has an average return of -1.9% and a 55.36% success rate on recommended stocks.

In addition to Bank of America Securities, Equity Residential also received a Buy from Truist Financial’s Michael Lewis in a report issued on June 22. However, on June 10, Mizuho Securities maintained a Hold rating on Equity Residential (NYSE: EQR).

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Based on Equity Residential’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $779.85 million and a net profit of $90.08 million. In comparison, last year the company earned a revenue of $760.81 million and had a net profit of $256.59 million

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