Equity Residential which can be found using ticker (EQR) now have 19 confirmed analysts covering the stock with the consensus suggesting a rating of ‘hold’. The target price High/Low ranges between $95.00 and $57.00 calculating the mean target price we have $66.32. Given that the stocks previous close was at $56.44 this would imply there is now a potential upside of 17.5%. The 50 day moving average now sits at $58.39 and the 200 day moving average is $62.05. The company has a market cap of 21.23B. The stock price for the company is currently $55.92 USD
The potential market cap would be $24,951,338,420 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 32.14, revenue per share of $7.52 and a 2.74% 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.
