9 analysts have expressed a variety of opinions on Equity Residential EQR over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 4 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 1 | 1 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $66.33, a high estimate of $70.00, and a low estimate of $61.00. This current average reflects an increase of 0.94% from the previous average price target of $65.71.
Analyzing Analyst Ratings: A Detailed Breakdown
The perception of Equity Residential by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Steve Sakwa | Evercore ISI Group | Raises | Outperform | $70.00 | $67.00 |
| John Kim | BMO Capital | Raises | Outperform | $70.00 | $68.00 |
| Michael Lewis | Truist Securities | Lowers | Buy | $67.00 | $71.00 |
| Alexander Goldfarb | Piper Sandler | Maintains | Neutral | $62.00 | - |
| Vikram Malhorta | Mizuho | Lowers | Neutral | $61.00 | $62.00 |
| Adam Kramer | Morgan Stanley | Raises | Equal-Weight | $64.00 | $58.00 |
| Chandni Luthra | Goldman Sachs | Announces | Buy | $70.00 | - |
| Anthony Powell | Barclays | Lowers | Equal-Weight | $67.00 | $69.00 |
| Brad Heffern | RBC Capital | Raises | Outperform | $66.00 | $65.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Equity Residential. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Equity Residential compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Equity Residential's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Equity Residential's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Equity Residential analyst ratings.
Unveiling the Story Behind Equity Residential
Equity Residential owns a portfolio of 302 apartment communities with around 80,000 units and is developing two additional properties with 537 units. The company focuses on owning large, high-quality properties in the urban and suburban submarkets of Southern California, San Francisco, Washington, D.C., New York, Seattle, and Boston.
Financial Insights: Equity Residential
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Positive Revenue Trend: Examining Equity Residential's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.97% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Equity Residential's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 42.74%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Equity Residential's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.82% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Equity Residential's ROA stands out, surpassing industry averages. With an impressive ROA of 1.55%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.7.
The Core of Analyst Ratings: What Every Investor Should Know
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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