Equity Residential (NYSE:EQR) Price Target Raised to $69.00

Equity Residential (NYSE:EQR) had its price target upped by stock analysts at Evercore ISI from $68.00 to $69.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s target price points to a potential upside of 7.92% from the stock’s current price.

EQR has been the subject of several other research reports. Truist Financial lowered their price target on Equity Residential from $75.00 to $70.00 and set a “buy” rating for the company in a report on Monday, November 17th. Morgan Stanley cut their target price on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Wall Street Zen upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Monday, November 3rd. BMO Capital Markets cut Equity Residential from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $70.00 to $68.00 in a report on Friday, January 9th. Finally, Mizuho cut their price target on shares of Equity Residential from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. Seven investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $69.58.

Equity Residential Stock Performance

Shares of EQR stock opened at $63.94 on Monday. The company has a market cap of $24.33 billion, a P/E ratio of 21.83, a PEG ratio of 4.36 and a beta of 0.76. The firm has a fifty day moving average price of $61.77 and a 200 day moving average price of $62.65. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of 0.73. Equity Residential has a 12 month low of $58.38 and a 12 month high of $75.86.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). The business had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 earnings per share. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. Sell-side analysts predict that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Institutional Trading of Equity Residential

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Equity Residential by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock worth $3,728,296,000 after buying an additional 1,281,354 shares during the period. Norges Bank bought a new stake in Equity Residential during the 2nd quarter worth approximately $2,351,689,000. State Street Corp grew its stake in shares of Equity Residential by 2.8% during the third quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock valued at $1,630,103,000 after purchasing an additional 688,854 shares during the last quarter. Geode Capital Management LLC raised its holdings in Equity Residential by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust’s stock worth $664,662,000 after purchasing an additional 137,533 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in shares of Equity Residential by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock valued at $582,617,000 after purchasing an additional 44,127 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Company Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.