Equity Residential with ticker code (EQR) now have 19 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 $95.00 and $62.00 with the average target price sitting at $70.11. Now with the previous closing price of $53.86 and the analysts are correct then we can expect a percentage increase in value of 30.2%. Also worth taking note is the 50 day moving average now sits at $59.33 and the 200 moving average now moves to $62.25. The market capitalization for the company is 20.78B. The stock price for the company is currently is currently $54.73 USD
The potential market cap would be $27,052,551,773 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 31.64, 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.
