Equity Residential (NYSE:EQR) Coverage Initiated by Analysts at Barclays

Barclays started coverage on shares of Equity Residential (NYSE:EQRGet Free Report) in a note issued to investors on Tuesday,Benzinga reports. The firm set an “overweight” rating and a $83.00 price target on the real estate investment trust’s stock. Barclays‘s price target indicates a potential upside of 13.00% from the company’s previous close.

EQR has been the topic of several other reports. BNP Paribas initiated coverage on Equity Residential in a report on Wednesday, September 11th. They set an “outperform” rating and a $83.00 price objective on the stock. Evercore ISI upped their price target on shares of Equity Residential from $75.00 to $76.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. lifted their price objective on shares of Equity Residential from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft upgraded shares of Equity Residential from a “hold” rating to a “buy” rating and upped their target price for the company from $62.00 to $83.00 in a research report on Tuesday, September 10th. Finally, Truist Financial increased their price target on shares of Equity Residential from $73.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $78.14.

Read Our Latest Report on EQR

Equity Residential Price Performance

NYSE:EQR opened at $73.45 on Tuesday. The business’s 50-day moving average is $73.94 and its 200 day moving average is $72.07. Equity Residential has a 12 month low of $57.33 and a 12 month high of $78.83. The company has a market capitalization of $27.87 billion, a P/E ratio of 30.10, a P/E/G ratio of 5.90 and a beta of 0.92. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.76.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Maryland Capital Advisors Inc. bought a new position in Equity Residential in the 3rd quarter worth about $25,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Equity Residential during the third quarter valued at approximately $29,000. Assetmark Inc. boosted its holdings in shares of Equity Residential by 2,529.4% in the third quarter. Assetmark Inc. now owns 447 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 430 shares during the period. Brooklyn Investment Group bought a new position in Equity Residential in the third quarter worth approximately $33,000. Finally, UMB Bank n.a. increased its holdings in Equity Residential by 69.6% during the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 195 shares during the period. Hedge funds and other institutional investors own 92.68% of the company’s stock.

About Equity Residential

(Get Free Report)

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.

Featured Articles

Analyst Recommendations for Equity Residential (NYSE:EQR)

Receive News & Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related companies with MarketBeat.com's FREE daily email newsletter.