UBS AG Reiterates Neutral on Equity Residential (EQR)
A number of other analysts have also recently weighed in on EQR. Analysts at Zacks reiterated a “neutral” rating on shares of Equity Residential in a research note to investors on Friday, April 27th. They now have a $65.00 price target on the stock. Analysts at Raymond James (NYSE: RJF) downgraded shares of Equity Residential from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, April 27th.
Shares of Equity Residential traded down 0.71% during mid-day trading on Friday, hitting $61.64. Equity Residential has a one year low of $48.46 and a one year high of $63.86. The company has a market cap of $18.530 billion and a P/E ratio of 20.50.
Equity Residential last announced its earnings results on Wednesday, April 25th. The company reported $0.61 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.01. Equity Residential’s revenue was up 13.1% compared to the same quarter last year. On average, analysts predict that Equity Residential will post $0.71 earnings per share next quarter.
Equity Residential (EQR) is a real estate investment trust (REIT). The Company is focused on the acquisition, development and management of apartment properties in United States markets.