BMO Capital analyst John Kim maintained a Buy rating on Equity Residential (NYSE:EQR) on Tuesday, setting a price target of $91, which is approximately 7.71% above the present share price of $84.49.
Kim expects Equity Residential to post earnings per share (EPS) of $0.15 for the third quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Hold rating of shares in Equity Residential, with an average price target of $79.31.
The analysts price targets range from a high of $91 to a low of $63.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $597.6 million and a net profit of $135.6 million. The company's market cap is $31.6 billion.
According to TipRanks.com, BMO Capital analyst John Kim is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 3.6% and a 56.49% success rate.
Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.