Equity Residential which can be found using ticker (EQR) now have 21 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 95 and 58 with the average target price sitting at $67.57. Given that the stocks previous close was at $61.20 this now indicates there is a potential upside of 10.4%. The day 50 moving average is $60.76 and the 200 moving average now moves to $65.44. The total market capitalization for the company now stands at $23,781m. Company Website: https://www.equityapartments.com
The potential market cap would be $26,256m based on the market consensus.
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 308 properties consisting of 79,597 apartment units, with an established presence in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft. Worth and Austin.
The company has a dividend yield of 4.38% with the ex dividend date set at 24-3-2023 (DMY).
