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Analysts Have Conflicting Sentiments on These Real Estate Companies: Equity Residential (EQR) and BrightSpire Capital (BRSP)

Tipranks - Wed Jul 8, 4:54AM CDT

Analysts have been eager to weigh in on the Real Estate sector with new ratings on Equity Residential (EQR) and BrightSpire Capital (BRSP).

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Equity Residential (EQR)

In a report released yesterday, Jana Galan from Bank of America Securities reiterated a Buy rating on Equity Residential, with a price target of $76.00. The company’s shares closed last Monday at $69.93.

According to TipRanks.com, Galan is a 1-star analyst with an average return of -2.5% and a 59.3% 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 $71.46, implying a 2.4% upside from current levels. In a report issued on June 22, Truist Financial also maintained a Buy rating on the stock with a $72.00 price target.

See today’s best-performing stocks on TipRanks >>

BrightSpire Capital (BRSP)

Barclays analyst Terry Ma maintained a Sell rating on BrightSpire Capital today and set a price target of $6.00. The company’s shares closed last Monday at $5.38, close to its 52-week low of $5.07.

According to TipRanks.com, Ma is a 3-star analyst with an average return of 2.1% and a 56.3% success rate. Ma covers the Financial sector, focusing on stocks such as Fidelity National Financial, First American Financial, and Bread Financial Holdings. ;'>

Currently, the analyst consensus on BrightSpire Capital is a Moderate Buy with an average price target of $6.63.

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