Evercore Cuts Equity Residential (NYSE:EQR) Price Target to $67.00

Equity Residential (NYSE:EQR) had its target price lowered by equities researchers at Evercore from $70.00 to $67.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Evercore’s price target points to a potential upside of 11.62% from the company’s previous close.

A number of other research firms have also issued reports on EQR. The Goldman Sachs Group upped their target price on shares of Equity Residential from $69.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a report on Thursday, January 22nd. Piper Sandler set a $78.00 price objective on shares of Equity Residential in a research report on Tuesday, January 27th. Barclays reduced their price objective on shares of Equity Residential from $78.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, March 6th. Finally, Morgan Stanley upgraded shares of Equity Residential from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $72.00 to $74.00 in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.58.

Equity Residential Stock Performance

Equity Residential stock opened at $60.03 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a fifty day moving average of $61.72 and a two-hundred day moving average of $61.73. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 4.55 and a beta of 0.73. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $72.40.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.01). The company had revenue of $781.91 million during the quarter, compared to analysts’ expectations of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Insider Buying and Selling at Equity Residential

In related news, COO Michael L. Manelis sold 5,765 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $375,474.45. Following the sale, the chief operating officer directly owned 46,131 shares of the company’s stock, valued at approximately $3,004,512.03. This trade represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Garechana sold 3,637 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $236,877.81. Following the completion of the sale, the executive vice president owned 18,740 shares of the company’s stock, valued at approximately $1,220,536.20. The trade was a 16.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,058 shares of company stock worth $655,078 in the last 90 days. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Equity Residential

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Equity Residential by 2.3% during the third quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock valued at $3,728,296,000 after acquiring an additional 1,281,354 shares during the period. Baillie Gifford & Co. raised its holdings in shares of Equity Residential by 566.7% in the 3rd quarter. Baillie Gifford & Co. now owns 115,181 shares of the real estate investment trust’s stock worth $7,456,000 after purchasing an additional 97,906 shares during the period. Aberdeen Group plc lifted its stake in shares of Equity Residential by 34.6% in the 3rd quarter. Aberdeen Group plc now owns 568,408 shares of the real estate investment trust’s stock valued at $36,446,000 after purchasing an additional 146,148 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Equity Residential in the 3rd quarter valued at about $9,094,000. Finally, National Pension Service lifted its position in Equity Residential by 4.6% during the third quarter. National Pension Service now owns 605,494 shares of the real estate investment trust’s stock valued at $39,194,000 after buying an additional 26,590 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 (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.