Equity Residential (NYSE:EQR) Downgraded by BNP Paribas Exane to “Neutral”

BNP Paribas Exane downgraded shares of Equity Residential (NYSE:EQR) from an outperform rating to a neutral rating in a research report report published on Monday morning, Marketbeat reports.

Several other equities research analysts also recently weighed in on EQR. JPMorgan Chase & Co. cut their price target on Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Evercore ISI upped their target price on Equity Residential from $71.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Stifel Nicolaus set a $80.50 price target on Equity Residential and gave the company a “buy” rating in a research report on Tuesday, August 5th. Scotiabank lowered their price objective on Equity Residential from $78.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 14th. Finally, Truist Financial dropped their price objective on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $74.65.

Equity Residential Price Performance

Shares of NYSE:EQR opened at $64.15 on Monday. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.32. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. The company has a market cap of $24.50 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 3.32 and a beta of 0.90. The company’s 50 day moving average is $64.85 and its 200 day moving average is $67.25.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $768.83 million for the quarter, compared to the consensus estimate of $770.60 million. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. On average, sell-side analysts forecast that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 25th will be given a $0.6925 dividend. The ex-dividend date is Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.3%. Equity Residential’s payout ratio is 104.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EQR. CVA Family Office LLC increased its holdings in Equity Residential by 425.3% in the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 336 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Equity Residential by 51.6% during the first quarter. Versant Capital Management Inc now owns 461 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 157 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Equity Residential during the first quarter worth about $37,000. Keystone Global Partners LLC acquired a new position in shares of Equity Residential during the 1st quarter worth about $47,000. Finally, FNY Investment Advisers LLC lifted its stake in Equity Residential by 1,000.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Equity Residential Company Profile

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.