# Equity Residential – Consensus ‘hold’ rating and 16.5% Upside Potential

- Link: https://www.directorstalkinterviews.com/equity-residential-consensus-hold-rating-and-16.5-upside-potential/4121134858
- Published: 2023-12-01T12:00:09+00:00
- Author: Charlotte Edwards

**Equity Residential** with ticker code (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 suggesting an average Analsyt target price 
of $65.92. Given that the stocks previous close was at $56.58 this would indicate
that there is a potential upside of 16.5%. It’s also worth noting that there is 
a 50 day moving average of $57.11 and the 200 day moving average is $61.62. The 
total market capitalization for the company now stands at 21.58B. The current share
price for the company is: $56.84 USD

 The potential market cap would be $25,146,498,085 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 32.67, 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.

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