Piper Sandler Upgrades Equity Residential Properties Trust (EQR)
Nasdaq Fintel reports that on June 9, 2023, Piper Sandler upgraded their outlook for Equity Residential Properties Trust (NYSE:EQR) from Underweight to Neutral .
Analyst Price Forecast Suggests 5.67% Upside
As of June 1, 2023, the average one-year price target for Equity Residential Properties Trust is 68.93. The forecasts range from a low of 58.58 to a high of $99.75. The average price target represents an increase of 5.67% from its latest reported closing price of 65.23.
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The projected annual revenue for Equity Residential Properties Trust is 2,909MM, an increase of 4.38%. The projected annual non-GAAP EPS is 1.61.
Equity Residential Properties Trust Declares $0.66 Dividend
On March 16, 2023 the company declared a regular quarterly dividend of $0.66 per share ($2.65 annualized). Shareholders of record as of March 27, 2023 received the payment on April 14, 2023. Previously, the company paid $0.62 per share.