Equity Residential (NYSE:EQR) Given New $68.00 Price Target at Royal Bank Of Canada

Equity Residential (NYSE:EQR) had its price target cut by investment analysts at Royal Bank Of Canada from $70.00 to $68.00 in a report issued on Thursday,MarketScreener reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 11.22% from the stock’s current price.

A number of other brokerages have also recently commented on EQR. Mizuho reduced their price objective on Equity Residential from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, November 24th. BNP Paribas downgraded shares of Equity Residential from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Truist Financial decreased their price target on shares of Equity Residential from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, November 17th. Evercore ISI dropped their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Cantor Fitzgerald started coverage on shares of Equity Residential in a research report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 target price for the company. Seven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, Equity Residential currently has an average rating of “Hold” and an average target price of $70.02.

Equity Residential Stock Down 0.1%

EQR traded down $0.06 during midday trading on Thursday, hitting $61.14. The company had a trading volume of 1,738,952 shares, compared to its average volume of 2,479,313. The company has a market capitalization of $23.26 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 3.05 and a beta of 0.75. The stock’s 50 day moving average price is $61.13 and its 200 day moving average price is $63.29. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. Equity Residential has a 52 week low of $58.38 and a 52 week high of $75.86.

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS 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 company had revenue of $782.41 million during the quarter, compared to the consensus estimate of $779.68 million. During the same period last year, the business posted $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. On average, research analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equity Residential

Several large investors have recently made changes to their positions in EQR. Empowered Funds LLC boosted its holdings in shares of Equity Residential by 3.1% in the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 226 shares during the last quarter. Czech National Bank lifted its position in shares of Equity Residential by 6.5% during the 2nd quarter. Czech National Bank now owns 83,584 shares of the real estate investment trust’s stock valued at $5,641,000 after buying an additional 5,093 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Equity Residential by 7.9% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 124,351 shares of the real estate investment trust’s stock valued at $8,392,000 after buying an additional 9,147 shares during the last quarter. Swedbank AB grew its stake in shares of Equity Residential by 186.2% during the 2nd quarter. Swedbank AB now owns 73,425 shares of the real estate investment trust’s stock worth $4,955,000 after acquiring an additional 47,771 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Equity Residential by 14.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 23,595 shares of the real estate investment trust’s stock worth $1,578,000 after acquiring an additional 2,996 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

About Equity Residential

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.