Mizuho Securities Sticks to Their Hold Rating for Equity Residential (EQR)

Mizuho Securities analyst Haendel St. Juste maintained a Hold rating on Equity Residential yesterday and set a price target of $66.00. The company’s shares closed yesterday at $61.48.

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According to TipRanks, St. Juste is a 4-star analyst with an average return of 3.9% and a 53.15% success rate. St. Juste covers the Real Estate sector, focusing on stocks such as Safehold, Agree Realty, and Mid-America Apartment.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Equity Residential with a $69.03 average price target, representing a 12.28% upside. In a report released on March 4, Scotiabank also maintained a Hold rating on the stock with a $67.00 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 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, Michael L Manelis, the EVP & COO of EQR sold 2,429.00 shares for a total of $154,387.24.