Equity Residential (NYSE:EQR)‘s stock had its “hold” rating reissued by analysts at Robert W. Baird in a research note issued on Tuesday. They currently have a $65.00 price target on the real estate investment trust’s stock. Robert W. Baird’s price target points to a potential upside of 6.63% from the stock’s current price.

EQR has been the subject of several other research reports. BMO Capital Markets reiterated a “hold” rating and issued a $69.00 price objective on shares of Equity Residential in a research note on Monday, November 27th. Mizuho upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a research note on Monday, November 6th. Zacks Investment Research lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Royal Bank of Canada reissued a “hold” rating and set a $70.00 target price on shares of Equity Residential in a research report on Friday, October 20th. Finally, SunTrust Banks set a $71.00 target price on shares of Equity Residential and gave the company a “buy” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.13.

Equity Residential (NYSE EQR) traded down $0.50 during trading hours on Tuesday, reaching $60.96. 1,677,739 shares of the company’s stock traded hands, compared to its average volume of 1,709,767. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market cap of $22,400.00, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.36. Equity Residential has a 52-week low of $59.49 and a 52-week high of $70.46.

In related news, Chairman Samuel Zell sold 91,651 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $67.17, for a total value of $6,156,197.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark J. Parrell sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $68.00, for a total transaction of $3,400,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 402,380 shares of company stock valued at $27,663,622. 3.79% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQR. D.A. Davidson & CO. boosted its holdings in Equity Residential by 4.1% in the 2nd quarter. D.A. Davidson & CO. now owns 1,873 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 73 shares during the period. Amica Retiree Medical Trust bought a new position in Equity Residential in the 3rd quarter worth approximately $135,000. Zions Bancorporation boosted its holdings in Equity Residential by 3,348.4% in the 3rd quarter. Zions Bancorporation now owns 2,138 shares of the real estate investment trust’s stock valued at $141,000 after purchasing an additional 2,076 shares during the period. Americafirst Capital Management LLC bought a new position in Equity Residential in the 3rd quarter valued at $171,000. Finally, Sun Life Financial INC boosted its holdings in Equity Residential by 22,450.0% in the 2nd quarter. Sun Life Financial INC now owns 2,706 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 2,694 shares during the period. 94.03% of the stock is owned by institutional investors.

WARNING: “Equity Residential (EQR) Given “Hold” Rating at Robert W. Baird” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/01/11/equity-residential-eqr-given-hold-rating-at-robert-w-baird.html.

About Equity Residential

Equity Residential is a real estate investment trust. The Company’s primary business is the acquisition, development and management of multifamily residential properties. Its segments include Boston, New York, Washington DC, Southern California, San Francisco, Seattle and Other Markets. Southern California includes Los Angeles, San Diego and Orange County.

Analyst Recommendations for Equity Residential (NYSE:EQR)

Receive News & Stock Ratings for Equity Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equity Residential and related stocks with our FREE daily email newsletter.