Equity Residential (EQR) Gets a Buy from Truist Financial
Truist Financial analyst Michael Lewis maintained a Buy rating on Equity Residential today and set a price target of $70.00.
Claim 70% 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
Lewis covers the Real Estate sector, focusing on stocks such as Macerich, Safehold, and Extra Space Storage. According to TipRanks, Lewis has an average return of 9.5% and a 64.60% success rate on recommended stocks.
Equity Residential has an analyst consensus of Moderate Buy, with a price target consensus of $69.50.
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, Ian Kaufman, the CAO of EQR sold 909.00 shares for a total of $57,776.04.
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
