BMO Capital Markets Raises Equity Residential (NYSE:EQR) Price Target to $75.00

Equity Residential (NYSE:EQR) had its price target upped by analysts at BMO Capital Markets from $68.00 to $75.00 in a research note issued on Monday,MarketScreener reports. The brokerage currently has a “market perform” rating on the real estate investment trust’s stock. BMO Capital Markets’ target price would suggest a potential upside of 9.98% from the stock’s previous close.

A number of other research firms have also recently weighed in on EQR. JPMorgan Chase & Co. upped their price objective on shares of Equity Residential from $71.00 to $72.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. BNP Paribas Exane lifted their target price on Equity Residential from $68.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Evercore boosted their price target on Equity Residential from $70.00 to $71.00 in a research note on Monday. The Goldman Sachs Group reduced their price target on Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. Finally, Wells Fargo & Company raised their price objective on Equity Residential from $62.00 to $64.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Equity Residential has an average rating of “Moderate Buy” and an average price target of $70.30.

Equity Residential Stock Up 0.0%

Shares of EQR traded up $0.00 during mid-day trading on Monday, reaching $68.19. 134,102 shares of the stock traded hands, compared to its average volume of 2,719,838. The stock has a fifty day simple moving average of $63.63 and a 200 day simple moving average of $62.42. Equity Residential has a 12-month low of $57.57 and a 12-month high of $70.21. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.77. The firm has a market cap of $25.55 billion, a price-to-earnings ratio of 27.28, a P/E/G ratio of 5.41 and a beta of 0.75.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.09). The firm had revenue of $779.85 million during the quarter, compared to analysts’ expectations of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. Equity Residential’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. Sell-side analysts expect that Equity Residential will post 4.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Glenmede Trust Co. NA grew its position in shares of Equity Residential by 19.8% in the 1st quarter. Glenmede Trust Co. NA now owns 4,708 shares of the real estate investment trust’s stock worth $278,000 after acquiring an additional 779 shares in the last quarter. Bank of America Corp DE raised its position in shares of Equity Residential by 14.2% during the 1st quarter. Bank of America Corp DE now owns 2,871,275 shares of the real estate investment trust’s stock valued at $169,836,000 after acquiring an additional 357,829 shares in the last quarter. Kentucky Retirement Systems lifted its stake in Equity Residential by 16.4% during the first quarter. Kentucky Retirement Systems now owns 27,673 shares of the real estate investment trust’s stock worth $1,637,000 after purchasing an additional 3,894 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Equity Residential by 17.8% during the first quarter. Arkadios Wealth Advisors now owns 14,186 shares of the real estate investment trust’s stock worth $839,000 after purchasing an additional 2,144 shares during the last quarter. Finally, Amundi boosted its holdings in Equity Residential by 43.9% in the first quarter. Amundi now owns 1,524,676 shares of the real estate investment trust’s stock worth $90,185,000 after purchasing an additional 465,368 shares during the period. Institutional investors and hedge funds 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.