# Equity Residential  Share Price Target ‘$72.15’, now 4.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/equity-residential-share-price-target-72.15-now-4.3-upside-potential/4121167504
- Published: 2024-08-07T13:02:29+01:00
- Author: Charlotte Edwards

**Equity Residential** which can be found using ticker (EQR) have now 17 analysts
in total covering the stock. The consensus rating is pointing to ‘buy’. The target
price High/Low ranges between $85.00 and $62.00 suggesting an average analyst share
price target price of $72.15. (at the time of writing). Given that the stocks previous
close was at $69.17 this would indicate that there is a potential upside of 4.3%.
The 50 day MA is $67.91 and the 200 day moving average is $62.44. The market capitalization
for the company is 27.91B. The current share price for the company is: $71.42 USD

 The potential market cap would be $29,113,400,697 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 29.15, revenue per share of $7.70
and a 2.81% 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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