Where Equity Residential Stands With Analysts
Portfolio Pulse from Benzinga Insights
Equity Residential (NYSE:EQR) has been evaluated by 6 analysts over the last three months, with a consensus rating of 'Indifferent'. The average 12-month price target is $60.25, with a high of $65.00 and a low of $57.00, reflecting a 7.06% decrease in the average target. Analysts from Mizuho, Stifel, Piper Sandler, and RBC Capital have adjusted their price targets and ratings, indicating a shift in sentiment. Equity Residential has a strong market presence with a market cap above industry benchmarks, a positive revenue growth rate of 4.17%, a high net margin of 23.72%, an ROE of 1.56%, an ROA of 0.85%, and a conservative debt-to-equity ratio of 0.71.

January 10, 2024 | 4:00 pm
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NEUTRAL IMPACT
Equity Residential has received an 'Indifferent' consensus rating from analysts, with a lowered average 12-month price target of $60.25. The company's strong financials may provide some support to the stock price.
The 'Indifferent' rating and the reduction in the average price target suggest a neutral short-term impact on EQR's stock price. However, the company's solid financial performance, including revenue growth and profitability, could mitigate negative sentiment and support the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100