Truist Financial analyst Michael Lewis assigned a Buy rating to the stock today. The company’s shares closed yesterday at $63.09.
Lewis covers the Real Estate sector, focusing on stocks such as Highwoods Properties, AvalonBay, and Equity Residential. According to TipRanks, Lewis has an average return of 6.8% and a 58.28% success rate on recommended stocks.
In addition to Truist Financial, Equity Residential also received a Buy from BMO Capital’s John Kim in a report issued yesterday. However, today, Barclays assigned a Hold rating to Equity Residential (NYSE: EQR).
The company has a one-year high of $67.23 and a one-year low of $51.46. Currently, Equity Residential has an average volume of 2.05M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Equity Residential (EQR) Company Description:
Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.
Read More on EQR:
- Equity Residential upgraded to Outperform from Market Perform at BMO Capital
- Equity Residential price target lowered to $67 from $71 at Truist
- Equity Residential Expands Board, Appoints New Trustees
- Equity Residential upgraded to Market Perform from Underperform at Raymond James
- Equity Residential Senior Management to Present at Citi Conference
