Equity Residential (NYSE:EQR) Now Covered by Analysts at Barclays

Analysts at Barclays started coverage on shares of Equity Residential (NYSE:EQR) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $83.00 price target on the real estate investment trust’s stock. Barclays‘s price objective points to a potential upside of 18.25% from the stock’s current price.

Several other research analysts have also recently commented on EQR. JPMorgan Chase & Co. raised their target price on shares of Equity Residential from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. StockNews.com cut shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Wednesday, December 11th. Evercore ISI increased their target price on Equity Residential from $75.00 to $76.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Royal Bank of Canada reduced their price objective on Equity Residential from $83.00 to $79.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group initiated coverage on Equity Residential in a research note on Wednesday, September 4th. They set a “neutral” rating and a $81.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Equity Residential presently has an average rating of “Hold” and an average target price of $78.14.

Equity Residential Stock Performance

EQR opened at $70.19 on Tuesday. The business has a fifty day simple moving average of $73.89 and a 200-day simple moving average of $72.11. The firm has a market cap of $26.63 billion, a PE ratio of 28.77, a P/E/G ratio of 5.90 and a beta of 0.92. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.76. Equity Residential has a fifty-two week low of $57.33 and a fifty-two week high of $78.83.

Institutional Trading of Equity Residential

Institutional investors and hedge funds have recently modified their holdings of the company. Tobam raised its holdings in Equity Residential by 8.6% in the 3rd quarter. Tobam now owns 1,927 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 152 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Equity Residential by 4.5% in the second quarter. Checchi Capital Advisers LLC now owns 3,522 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 153 shares during the period. UMB Bank n.a. lifted its position in shares of Equity Residential by 69.6% during the 3rd quarter. UMB Bank n.a. now owns 475 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 195 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Equity Residential by 32.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 811 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 200 shares during the period. Finally, Modera Wealth Management LLC grew its holdings in Equity Residential by 6.5% in the 3rd quarter. Modera Wealth Management LLC now owns 3,278 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 200 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.