Impact of Brokerage Rating on Equity Residential(EQR)

Many Equity Residential(EQR) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Equity Residential was Upgraded by Morgan Stanley to Equal-Weight on Dec 13, 2016.

Company has reported several Insider transactions to the SEC, on Feb 10, 2017, Michael L Manelis (Executive Vice President) sold 1,500 shares at 61.35 per share price.On Feb 8, 2017, Ian Kaufman (Chief Accounting Officer) sold 1,421 shares at 60.46 per share price.On Feb 8, 2017, Christa L Sorenson (Executive Vice President) sold 355 shares at 60.46 per share price.

Equity Residential Last issued its quarterly earnings results on Jan 31, 2017. The company reported $0.79 EPS for the quarter. Analyst had a consensus estimate of $0.79. The company had revenue of $605.50 million for the quarter, compared to analysts expectations of $608.74 million. The companys revenue was down -13.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.93 EPS.

Equity Residential (NYSE:EQR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 15 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 13 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Equity Residential (NYSE:EQR): The mean short term price target for Equity Residential (NYSE:EQR) has been established at $67.08 per share. The higher price target estimate is at $76 and the lower price target estimate is expected at $62 according to 13 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $4.52

Equity Residential (NYSE:EQR) witnessed a decline in the market cap on Tuesday as its shares dropped 0.23% or 0.14 points. After the session commenced at $61.7, the stock reached the higher end at $62.12 while it hit a low of $61.11. With the volume soaring to 1,434,196 shares, the last trade was called at $62. The company has a 52-week high of $75.49. The company has a market cap of $22,684 million and there are 365,870,920 shares in outstanding. The 52-week low of the share price is $58.28.

Equity Residential Prop. is a self-administered and self-managed equity real estate investment trust. The companys subsidiaries include the Operating Partnership, a series of management limited partnerships and companies, the Financing Partnerships, the limited liability companies, and certain other entities.


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