EQR – 22 April 2024 – AI Stock Analysis & News

Equity Residential’s stock price dropped after being downgraded by Truist Financial.

Stock AI’s forecasts:
🔴 -7.3% short-term ⬇️
🟢 +1.4% long-term ⬆️

Stock AI’s (EQR) Forecast get (+14.9% Profit)

StockAI’s analysis delivers real-world results. On 08 November 2023, $EQR ($54.03), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $62.08 (🟢14.9%). Buying EQR on this signal yielded a +14.9% profit 💰💰.

EQR-Equity Residential News

🔴 Equity Residential is scheduled to post its quarterly earnings results after the market closes on April 23rd.
🟢 Truist Financial dropped EQR’s target price from $71.00 to $67.00, with a “buy” rating.
🔴 Zacks Research lowered Q4 2025 earnings estimates for Equity Residential.
🔴 Allworth Financial LP increased its position in EQR by 120.8% during the 4th quarter.
🔴 Phocas Financial Corp. decreased its holdings in Equity Residential by 18.4% in the 4th quarter.
🟢 Wellington Management Group LLP lifted its position in EQR by 61.9% during the 3rd quarter.

Equity Residential (EQR) has had a mix of negative and positive news recently, with analysts lowering earnings estimates and target prices, while some financial firms increasing their positions in the stock. The upcoming quarterly earnings release and analyst ratings have had a mixed impact on the stock price forecast.

The negative news of lower earnings estimates and target price drops may lead to a short-term decrease in EQR’s stock price, as investors may react to the revised expectations. However, the positive news of increased positions by financial firms like Allworth Financial LP and Wellington Management Group LLP could provide some support for the stock price in the long term.

Overall, the recent news for Equity Residential stock suggests a potential short-term decrease in price due to the negative analyst outlook, but a more stable long-term forecast with increased institutional interest in the company. Investors should closely monitor the earnings release and analyst ratings to gauge the stock’s performance in the coming weeks.

EQR-Equity Residential Analyst Ratings

Here are some recent analyst ratings for Equity Residential stock:

📉 Truist Financial lowered their target price from $71.00 to $67.00 for EQR stock.
📉 Zacks Research lowered their Q4 2025 earnings estimates for Equity Residential.
📈 Piper Sandler reiterated a “neutral” rating on EQR stock.
📉 Nisa Investment Advisors LLC decreased their stake in Equity Residential.
📈 Baillie Gifford & Co. raised their position in EQR stock.

1. Equity Residential (NYSE:EQR) PT Lowered to $67.00
2. Equity Residential (NYSE:EQR) Forecasted to Post Q4 2025 Earnings of $0.99 Per Share
3. Equity Residential (NYSE:EQR) Earns Neutral Rating from Piper Sandler
4. Equity Residential (NYSE:EQR) Shares Sold by Nisa Investment Advisors LLC
5. Baillie Gifford & Co. Raises Position in Equity Residential (NYSE:EQR)


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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