What Are Wall Street Analysts’ Target Price for Equity Residential Stock?
Chicago, Illinois-based Equity Residential (EQR) engages in the acquisition, development, and management of rental apartment properties. With a market cap of $27 billion, Equity Residential operates as one of the leading, fully integrated, publicly traded multi-family REITs in the United States.
The real estate giant has slightly lagged behind the broader market over the past year. EQR stock has gained 21.5% over the past 52 weeks and dipped 74 basis points on a YTD basis, compared to the S&P 500 Index’s ($SPX) 22.3% surge over the past year and 4% gains in…
