Equity Residential (EQR) Receives Consensus Recommendation of “Hold” from Analysts

Equity Residential (NYSE:EQR) has been given a consensus recommendation of “Hold” by the seventeen research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $69.14.

EQR has been the topic of a number of recent analyst reports. BidaskClub raised Equity Residential from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Deutsche Bank boosted their price objective on Equity Residential from $67.00 to $69.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Stifel Nicolaus initiated coverage on Equity Residential in a research note on Friday, September 1st. They issued a “hold” rating and a $71.00 price objective on the stock. BMO Capital Markets reissued a “hold” rating and issued a $68.00 price objective on shares of Equity Residential in a research note on Wednesday, September 6th. Finally, Jefferies Group reissued a “hold” rating and issued a $65.00 price objective on shares of Equity Residential in a research note on Sunday, September 10th.

Shares of Equity Residential (NYSE EQR) traded down $0.67 during trading hours on Thursday, hitting $65.63. The stock had a trading volume of 1,335,600 shares, compared to its average volume of 1,687,101. The firm has a market cap of $24,364.24, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 3.36 and a beta of 0.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.24 and a quick ratio of 0.24. Equity Residential has a 12 month low of $59.49 and a 12 month high of $70.46.

In other Equity Residential news, insider Alexander Brackenridge sold 6,497 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $69.41, for a total transaction of $450,956.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark J. Parrell sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $68.00, for a total value of $3,400,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 402,380 shares of company stock worth $27,663,622. 3.79% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd grew its holdings in shares of Equity Residential by 1.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 3,558 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 64 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Equity Residential by 4.1% in the second quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 73 shares in the last quarter. Suntrust Banks Inc. grew its holdings in shares of Equity Residential by 0.6% in the second quarter. Suntrust Banks Inc. now owns 17,043 shares of the real estate investment trust’s stock valued at $1,121,000 after acquiring an additional 108 shares in the last quarter. First Allied Advisory Services Inc. grew its holdings in shares of Equity Residential by 5.6% in the second quarter. First Allied Advisory Services Inc. now owns 3,629 shares of the real estate investment trust’s stock valued at $236,000 after acquiring an additional 191 shares in the last quarter. Finally, Kemper Corp Master Retirement Trust grew its holdings in shares of Equity Residential by 1.7% in the second quarter. Kemper Corp Master Retirement Trust now owns 13,305 shares of the real estate investment trust’s stock valued at $876,000 after acquiring an additional 225 shares in the last quarter. 94.13% of the stock is owned by hedge funds and other institutional investors.

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Equity Residential Company Profile

Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. Its segments include Boston, New York, Washington DC, Southern California, San Francisco, Seattle and Other Markets. Southern California includes Los Angeles, San Diego and Orange County.

Analyst Recommendations for Equity Residential (NYSE:EQR)

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