RBC Capital analyst Brad Heffern maintained a Hold rating on Equity Residential (NYSE:EQR) on Thursday, setting a price target of $90, which is approximately 0.86% above the present share price of $89.23.
Heffern expects Equity Residential to post earnings per share (EPS) of $1.15 for the fourth quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Equity Residential, with an average price target of $90.93.
The analysts price targets range from a high of $104 to a low of $81.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $623.21 million and a net profit of $157.63 million. The company's market cap is $33.46 billion.
According to TipRanks.com, RBC Capital analyst Brad Heffern is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.0% and a 56.66% 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.