Across the recent three months, 13 analysts have shared their insights on Equity Residential EQR, expressing a variety of opinions spanning from bullish to bearish.
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 | 1 | 10 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 4 | 0 | 0 |
| 3M Ago | 2 | 0 | 5 | 0 | 0 |
Analysts have recently evaluated Equity Residential and provided 12-month price targets. The average target is $78.46, accompanied by a high estimate of $83.00 and a low estimate of $74.00. Marking an increase of 6.63%, the current average surpasses the previous average price target of $73.58.
Deciphering Analyst Ratings: An In-Depth Analysis
A comprehensive examination of how financial experts perceive Equity Residential is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nicholas Yulico | Scotiabank | Lowers | Sector Perform | $78.00 | $81.00 |
| Brad Heffern | RBC Capital | Lowers | Outperform | $79.00 | $83.00 |
| Jeffrey Spector | B of A Securities | Raises | Neutral | $82.00 | $78.00 |
| Nicholas Yulico | Scotiabank | Raises | Sector Perform | $81.00 | $77.00 |
| Steve Sakwa | Evercore ISI Group | Raises | In-Line | $76.00 | $75.00 |
| Anthony Paolone | JP Morgan | Raises | Neutral | $80.00 | $68.00 |
| Derek Johnston | Deutsche Bank | Raises | Buy | $83.00 | $62.00 |
| Steve Sakwa | Evercore ISI Group | Raises | In-Line | $75.00 | $74.00 |
| Julien Blouin | Goldman Sachs | Announces | Neutral | $81.00 | - |
| Michael Lewis | Truist Securities | Raises | Buy | $77.00 | $73.00 |
| Steve Sakwa | Evercore ISI Group | Raises | In-Line | $74.00 | $70.00 |
| Nicholas Yulico | Scotiabank | Raises | Sector Perform | $77.00 | $73.00 |
| James Feldman | Wells Fargo | Raises | Equal-Weight | $77.00 | $69.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Equity Residential. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Equity Residential compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Equity Residential's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Equity Residential's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Equity Residential analyst ratings.
Delving into Equity Residential's Background
Equity Residential owns a portfolio of 299 apartment communities with around 80,000 units and is developing three additional properties with 977 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.
A Deep Dive into Equity Residential's Financials
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 3.35% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Equity Residential's net margin excels beyond industry benchmarks, reaching 19.12%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.31%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Equity Residential's ROA stands out, surpassing industry averages. With an impressive ROA of 0.7%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Equity Residential's debt-to-equity ratio is below the industry average at 0.8, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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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