Equity Residential (EQR) : Zacks Investment Research ranks Equity Residential (EQR) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 14 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.88, which indicates as a Hold.
Equity Residential (EQR) : The highest level Equity Residential (EQR) is projected to reach is $78 for the short term and the lowest estimate is at $60. The consolidated price target from 15 rating analysts who initiate coverage on the stock is $71.93 and the possibility the share price can swing is $5.55.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Equity Residential (NYSE:EQR). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm lowers the price target from $74 per share to $72 per share. The rating by the firm was issued on July 29, 2016.
Equity Residential (NYSE:EQR): The stock opened at $66.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $66.93 for the day. The stock traded down to $65.62 during the day, due to lack of any buying support eventually closed down at $66.01 with a loss of -1.87% for the day. The stock had closed at $67.27 on the previous day. The total traded volume was 3,708,200 shares.
Equity Residential is a real estate investment trust (REIT) focused on the acquisition, development and management of apartment properties in the United States growth markets. ERP Operating Limited Partnership (ERPOP) conducts the multifamily residential property business of Equity Residential. The Company is the general partner and owns an approximate 96.2% ownership interest in ERPOP. The remaining 3.8% interest is owned by limited partners. As of December 31, 2014, the Company, directly or indirectly through investments in title holding entities, owned all or a portion of 391 properties located in 12 states and the District of Columbia consisting of 109,225 apartment units. All of the Companys property ownership, development and related business operations are conducted through ERPOP.