Equity Residential (EQR) Receives a Buy from Barclays
In a report released today, Richard Hightower from Barclays maintained a Buy rating on Equity Residential, with a price target of $75.00.
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According to TipRanks, Hightower is an analyst with an average return of -0.4% and a 48.85% success rate. Hightower covers the Real Estate sector, focusing on stocks such as Diamondrock, Invitation Homes, and Park Hotels & Resorts.
In addition to Barclays, Equity Residential also received a Buy from Truist Financial’s Michael Lewis in a report issued on March 2. However, on March 4, Scotiabank maintained a Hold rating on Equity Residential (NYSE: EQR).
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 30 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.
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- Equity Residential price target lowered to $75 from $78 at Barclays
- Equity Residential price target raised to $67 from $66 at Scotiabank
- 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
