Equity Residential with ticker code (EQR) now have 18 market analysts covering the stock. The analyst consensus now points to a rating of ‘hold’. The target price High/Low ranges between $71.00 and $58.00 calculating the average target price we see $63.25. Now with the previous closing price of $61.31 this indicates there is a potential upside of 3.2%. It’s also worth noting that there is a 50 day moving average of $57.26 while the 200 day moving average is $61.36. The market cap for the company is 23.38B. The stock price for the company is currently $61.58 USD
The potential market cap would be $24,123,376,668 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 35.39, 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.
