Equity Residential (NYSE:EQR) has been analyzed by 14 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 4 | 7 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 1 | 2 | 0 | 0 |
| 3M Ago | 1 | 2 | 5 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $71.5, with a high estimate of $82.00 and a low estimate of $64.00. This upward trend is evident, with the current average reflecting a 6.11% increase from the previous average price target of $67.38.
Interpreting Analyst Ratings: A Closer Look
In examining recent analyst actions, we gain insights into 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 |
|---|---|---|---|---|---|
| Brent Dilts | UBS | Raises | Buy | $82.00 | $75.00 |
| Alexander Goldfarb | Piper Sandler | Raises | Overweight | $80.00 | $70.00 |
| Michael Lewis | Truist Securities | Raises | Buy | $73.00 | $67.00 |
| 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 | $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 |
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: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Equity Residential compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
To gain a panoramic view of Equity Residential's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious 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.
Unraveling the Financial Story of Equity Residential
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Equity Residential's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 3.65%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Equity Residential's net margin is impressive, surpassing industry averages. With a net margin of 40.2%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Equity Residential's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.66%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Equity Residential's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.47% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Equity Residential's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.68.
Analyst Ratings: What Are They?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.