Analysts Set Equity Residential (NYSE:EQR) Target Price at $69.95

Shares of Equity Residential (NYSE:EQR) have been given a consensus recommendation of “Hold” by the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $69.5441.

EQR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Equity Residential from $75.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. The Goldman Sachs Group raised their price objective on shares of Equity Residential from $63.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Royal Bank Of Canada reduced their target price on Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. Mizuho decreased their price target on Equity Residential from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, November 24th. Finally, Evercore ISI cut their price objective on Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd.

Equity Residential Trading Up 1.8%

EQR stock opened at $62.08 on Friday. Equity Residential has a 1-year low of $58.38 and a 1-year high of $75.86. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $61.42 and its 200-day moving average is $63.03. The firm has a market cap of $23.62 billion, a P/E ratio of 20.49, a P/E/G ratio of 4.22 and a beta of 0.75.

Equity Residential (NYSE:EQR) last announced its quarterly 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 business had revenue of $782.41 million for the quarter, compared to analyst estimates of $779.68 million. During the same quarter in the previous year, the firm earned $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. Equities analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, January 2nd. Equity Residential’s payout ratio is currently 91.42%.

Institutional Investors Weigh In On Equity Residential

A number of hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Equity Residential in the second quarter worth about $2,351,689,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Equity Residential by 876.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,500,885 shares of the real estate investment trust’s stock worth $291,342,000 after purchasing an additional 4,039,752 shares during the last quarter. Wellington Management Group LLP raised its position in Equity Residential by 797.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock worth $134,988,000 after purchasing an additional 1,852,970 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Equity Residential by 725.6% during the 2nd quarter. Prudential Financial Inc. now owns 1,908,429 shares of the real estate investment trust’s stock worth $128,800,000 after buying an additional 1,677,278 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in Equity Residential by 353.5% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock valued at $129,647,000 after buying an additional 1,561,241 shares during the last quarter. Institutional investors own 92.68% of the company’s stock.

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.