Providing a diverse range of perspectives from bullish to bearish, 13 analysts have published ratings on Equity Residential EQR in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 8 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 5 | 0 | 0 |
| 3M Ago | 1 | 0 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $68.85, a high estimate of $75.00, and a low estimate of $62.00. Surpassing the previous average price target of $66.70, the current average has increased by 3.22%.
Exploring Analyst Ratings: An In-Depth Overview
An in-depth analysis of recent analyst actions unveils how financial experts perceive Equity Residential. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Anthony Paolone | JP Morgan | Raises | Neutral | $68.00 | $66.00 |
| James Feldman | Wells Fargo | Raises | Overweight | $69.00 | $66.00 |
| Vikram Malhorta | Mizuho | Raises | Neutral | $64.00 | $61.00 |
| Nicholas Yulico | Scotiabank | Raises | Sector Perform | $72.00 | $65.00 |
| Adam Kramer | Morgan Stanley | Raises | Equal-Weight | $70.00 | $68.00 |
| Brent Dilts | UBS | Raises | Buy | $75.00 | $73.00 |
| Steve Sakwa | Evercore ISI Group | Announces | In-Line | $70.00 | - |
| Richard Anderson | Wedbush | Maintains | Neutral | $68.00 | - |
| Alexander Goldfarb | Piper Sandler | Raises | Neutral | $70.00 | $62.00 |
| 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 | - |
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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Equity Residential compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Equity Residential's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
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.
Discovering Equity Residential: A Closer Look
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.
Equity Residential: Financial Performance Dissected
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Equity Residential's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 3.65%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Real Estate sector.
Net Margin: Equity Residential's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 40.2% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.66%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Equity Residential's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.47%, the company showcases efficient use of assets and strong financial health.
Debt Management: Equity Residential's debt-to-equity ratio is below the industry average. With a ratio of 0.68, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
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.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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