Equity Residential with ticker code (EQR) have now 19 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 $73.00 and $58.00 suggesting an average analyst share price target price of $65.53. (at the time of writing). Now with the previous closing price of $60.17 this would indicate that there is a potential upside of 8.9%. It’s also worth noting that there is a 50 day moving average of $59.91 and the 200 day moving average is $61.58. The total market capitalization for the company now stands at 22.19B. The stock price is currently at: $58.51 USD
The potential market cap would be $24,169,228,764 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 26.6, revenue per share of $7.59 and a 2.73% 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.
