# Equity Residential – Consensus ‘hold’ rating and 30.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/equity-residential-consensus-hold-rating-and-30.2-upside-potential/4121132362
- Published: 2023-11-09T13:51:06+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 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.

Share on: