Equity Residential (EQR) Receives a Hold from Raymond James
In a report released on February 27, from Raymond James maintained a Hold rating on Equity Residential. The company’s shares closed last Friday at $63.21.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equity Residential with a $69.45 average price target.
Based on Equity Residential’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $789.03 million and a net profit of $382.09 million. In comparison, last year the company earned a revenue of $766.78 million and had a net profit of $419.12 million
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQR in relation to earlier this year. Last month, Michael L Manelis, the EVP & COO of EQR sold 2,429.00 shares for a total of $154,387.24.
Read More on EQR:
Disclaimer & DisclosureReport an Issue
- Equity Residential price target raised to $64 from $61 at Cantor Fitzgerald
- Equity Residential Balances Stable Occupancy With Slower Growth
- Equity Residential price target lowered to $78.50 from $79.75 at Stifel
- Equity Residential: Mixed Fundamentals and Limited Growth Outlook Support Hold Rating
- Equity Residential reports Q4 normalized FFO $1.03c, consensus $1.04
