Equity Residential which can be found using ticker (EQR) now have 18 confirmed analysts covering the stock with the consensus suggesting a rating of ‘hold’. The range between the high target price and low target price is between 95 and 68 with the average target price sitting at $72.89. Now with the previous closing price of $63.80 this would indicate that there is a potential upside of 14.2%. It’s also worth noting that there is a 50 day moving average of $65.78 and the 200 day MA is $62.83. The total market capitalization for the company now stands at 24.11B. The stock price for the company is currently is currently 63.61 USD
The potential market cap would be $27,545,365,674 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 30, revenue per share of 7.46 and a 2.69% return on assets.
Equity Residential is a real estate investment trust. The Company is focused on the acquisition, development and management of residential properties located in and around cities. The Company’s primary business is the acquisition, development and management of multifamily residential properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. It owns and operates rental apartment properties in Boston, New York, Washington, D.C., Southern California (including Los Angeles, Orange County and San Diego), San Francisco, and Seattle. The Company is also focused on expanding its operations in Denver, Atlanta, Dallas/Ft. Worth and Austin. The Company owns approximately 308 properties located in 10 states and the District of Columbia consisting of approximately 79,597 apartment units.
