# Equity Residential – Consensus ‘hold’ rating and 5.1% Upside Potential

- Link: https://www.directorstalkinterviews.com/equity-residential-consensus-hold-rating-and-5.1-upside-potential/4121159772
- Published: 2024-06-11T13:35:35+01:00
- Author: Charlotte Edwards

**Equity Residential** with ticker code (EQR) now have 19 analysts in total covering
the stock. The consensus rating is pointing to ‘hold’. The range between the high
target price and low target price is between $75.00 and $62.00 calculating the mean
target price we have $68.37. Given that the stocks previous close was at $65.07 
this now indicates there is a potential upside of 5.1%. The 50 day moving average
now sits at $64.42 and the 200 day moving average is $61.01. The company has a market
capitalization of 25.03B. The current share price for the company is: $66.05 USD

 The potential market cap would be $26,300,545,189 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 28.23, revenue per share of $7.65
and a 2.79% 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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