# Equity Residential – Consensus ‘hold’ rating and 17.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/equity-residential-consensus-hold-rating-and-17.0-upside-potential/4121127894
- Published: 2023-09-20T14:05:34+01:00
- Author: Charlotte Edwards

**Equity Residential** which can be found using ticker (EQR) have now 18 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 and 68 suggesting
an average Analsyt target price of $72.83. Given that the stocks previous close 
was at $62.23 and the analysts are correct then there would likely be a percentage
uptick in value of 17.0%. The day 50 moving average is $65.19 and the 200 day MA
is $62.82. The total market capitalization for the company now stands at 23.52B.
The stock price for the company is currently is currently 62.06 USD

 The potential market cap would be $27,529,489,417 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 29.14, revenue per share of 7.46
and a 2.69% 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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