Equity Residential (NYSE:EQR) Price Target Lowered to $68.00 at Evercore ISI

Equity Residential (NYSE:EQR) had its price objective cut by equities researchers at Evercore ISI from $70.00 to $68.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s target price suggests a potential upside of 14.39% from the company’s current price.

Several other equities analysts have also weighed in on EQR. BNP Paribas Exane lowered Equity Residential from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. The Goldman Sachs Group cut their price target on Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. Stifel Nicolaus set a $79.75 price target on Equity Residential in a report on Wednesday. Cantor Fitzgerald began coverage on Equity Residential in a report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 price target for the company. Finally, Wall Street Zen raised Equity Residential from a “sell” rating to a “hold” rating in a report on Monday. Seven research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Equity Residential currently has a consensus rating of “Hold” and an average price target of $72.92.

Equity Residential Price Performance

Shares of NYSE EQR opened at $59.44 on Monday. The stock has a fifty day simple moving average of $63.88 and a two-hundred day simple moving average of $66.31. Equity Residential has a 1-year low of $58.51 and a 1-year high of $78.32. The firm has a market cap of $22.70 billion, a price-to-earnings ratio of 19.62, a price-to-earnings-growth ratio of 2.99 and a beta of 0.90. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the consensus estimate of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The business had revenue of $782.41 million during the quarter, compared to analyst estimates of $779.68 million. During the same period in the prior year, the company earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. Analysts anticipate that Equity Residential will post 3.98 earnings per share for the current year.

Institutional Investors Weigh In On Equity Residential

Institutional investors and hedge funds have recently made changes to their positions in the business. CVA Family Office LLC raised its position in shares of Equity Residential by 425.3% in the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 336 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new stake in shares of Equity Residential in the first quarter worth $37,000. Keystone Global Partners LLC purchased a new stake in shares of Equity Residential in the first quarter worth $47,000. FNY Investment Advisers LLC raised its position in shares of Equity Residential by 1,000.0% in the second quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 600 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Equity Residential in the first quarter worth $48,000. 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.