Mizuho set a $67.00 price objective on Equity Residential (NYSE:EQR) in a report released on Friday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.

EQR has been the topic of a number of other research reports. BMO Capital Markets reaffirmed a hold rating and set a $69.00 price objective on shares of Equity Residential in a research note on Monday, November 27th. Edward Jones upgraded Equity Residential from a hold rating to a buy rating in a research report on Tuesday, January 16th. Robert W. Baird reiterated a hold rating and set a $65.00 target price on shares of Equity Residential in a research report on Tuesday, January 9th. SunTrust Banks set a $69.00 target price on Equity Residential and gave the stock a buy rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research downgraded Equity Residential from a hold rating to a sell rating in a research report on Tuesday, October 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Equity Residential presently has an average rating of Hold and a consensus price target of $67.87.

Shares of Equity Residential (NYSE:EQR) opened at $56.61 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.29. The company has a market capitalization of $20,800.00, a price-to-earnings ratio of 36.06, a P/E/G ratio of 2.77 and a beta of 0.34. Equity Residential has a 52 week low of $54.97 and a 52 week high of $70.46.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.47). The company had revenue of $630.50 million for the quarter, compared to analyst estimates of $625.83 million. Equity Residential had a net margin of 24.39% and a return on equity of 5.76%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 EPS. research analysts expect that Equity Residential will post 3.23 EPS for the current year.

In other news, CFO Mark J. Parrell sold 7,355 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total value of $427,913.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Scott Fenster sold 449 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $58.18, for a total value of $26,122.82. The disclosure for this sale can be found here. Insiders have sold 14,077 shares of company stock worth $819,000 over the last quarter. 3.79% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Bank of Hawaii purchased a new position in shares of Equity Residential in the 4th quarter worth about $219,000. Eaton Vance Management raised its holdings in shares of Equity Residential by 1.0% in the 4th quarter. Eaton Vance Management now owns 3,271,183 shares of the real estate investment trust’s stock worth $208,603,000 after purchasing an additional 32,724 shares during the period. OppenheimerFunds Inc. raised its holdings in shares of Equity Residential by 45.3% in the 4th quarter. OppenheimerFunds Inc. now owns 7,142 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 2,227 shares during the period. Norinchukin Bank The raised its holdings in shares of Equity Residential by 7.5% in the 4th quarter. Norinchukin Bank The now owns 29,381 shares of the real estate investment trust’s stock worth $1,874,000 after purchasing an additional 2,042 shares during the period. Finally, American International Group Inc. raised its holdings in shares of Equity Residential by 5.7% in the 4th quarter. American International Group Inc. now owns 137,069 shares of the real estate investment trust’s stock worth $8,741,000 after purchasing an additional 7,418 shares during the period. Institutional investors own 93.55% of the company’s stock.

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Equity Residential Company Profile

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)

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