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Equity Residential (EQR) Receives a Buy from Piper Sandler

Tipranks - Tipranks - Sat Feb 7, 6:42AM CST

Piper Sandler analyst Alexander Goldfarb maintained a Buy rating on Equity Residential today and set a price target of $78.00.

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Goldfarb covers the Real Estate sector, focusing on stocks such as SL Green Realty, Hudson Pacific Properties, and Eastgroup Properties. According to TipRanks, Goldfarb has an average return of 2.0% and a 49.70% success rate on recommended stocks.

In addition to Piper Sandler, Equity Residential also received a Buy from Stifel Nicolaus’s Simon Yarmak in a report issued today. However, yesterday, BTIG maintained a Hold rating on Equity Residential (NYSE: EQR).

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Based on Equity Residential’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $781.91 million and a GAAP net loss of $1.05 million. In comparison, last year the company earned a revenue of $766.78 million and had a net profit of $419.12 million

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