Economy

Analysts’ Assessment of Equity Residential’s Position

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Throughout the last three months, 6 analysts have evaluated Equity Residential (NYSE:EQR), offering a diverse set of opinions from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 1 5 0 0
Last 30D 0 0 1 0 0
1M Ago 0 0 1 0 0
2M Ago 0 0 1 0 0
3M Ago 0 1 2 0 0

In the assessment of 12-month price targets, analysts unveil insights for Equity Residential, presenting an average target of $60.25, a high estimate of $65.00, and a low estimate of $57.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 7.06%.

price target chart

Investigating Analyst Ratings: An Elaborate Study

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
Vikram Malhorta Mizuho Raises Neutral $62.00 $58.00
Haendel St. Juste Mizuho Lowers Neutral $58.00 $62.00
Simon Yarmak Stifel Lowers Hold $59.50 $60.00
Alexander Goldfarb Piper Sandler Lowers Neutral $57.00 $71.00
Brad Heffern RBC Capital Lowers Outperform $65.00 $68.00
Simon Yarmak Stifel Lowers Hold $60.00 $70.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their reaction to recent developments related to Equity Residential. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Delving into assessments, analysts assign qualitative values, from ‘Outperform’ to ‘Underperform’. These ratings communicate 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.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Equity Residential’s market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Equity Residential analyst ratings.

All You Need to Know About Equity Residential

Equity Residential owns a portfolio of 304 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.

Understanding the Numbers: Equity Residential’s Finances

Market Capitalization Analysis: Above industry benchmarks, the company’s market capitalization emphasizes a noteworthy size, indicative of a strong market presence.

Positive Revenue Trend: Examining Equity Residential’s financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.17% as of 30 September, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.

Net Margin: The company’s net margin is a standout performer, exceeding industry averages. With an impressive net margin of 23.72%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Equity Residential’s ROE stands out, surpassing industry averages. With an impressive ROE of 1.56%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Equity Residential’s ROA excels beyond industry benchmarks, reaching 0.85%. This signifies efficient management of assets and strong financial health.

Debt Management: With a below-average debt-to-equity ratio of 0.71, Equity Residential adopts a prudent financial strategy, indicating a balanced approach to debt management.

Understanding the Relevance of Analyst Ratings

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.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

(The following story may or may not have been edited by NEUSCORP.COM and was generated automatically from a Syndicated Feed. NEUSCORP.COM also bears no responsibility or liability for the content.)

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