Equity Residential (NYSE:EQR) Price Target Raised to $72.00 at Truist Financial

Equity Residential (NYSE:EQR) had its price target hoisted by research analysts at Truist Financial from $70.00 to $72.00 in a report released on Tuesday,MarketScreener reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target would suggest a potential upside of 8.05% from the stock’s current price.

Several other analysts have also commented on EQR. UBS Group lifted their price objective on shares of Equity Residential from $71.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Royal Bank Of Canada cut Equity Residential from an “outperform” rating to a “sector perform” rating and upped their price target for the company from $69.00 to $70.00 in a research report on Monday, June 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research report on Tuesday, April 21st. Argus set a $70.00 target price on shares of Equity Residential in a research report on Thursday, March 12th. Finally, The Goldman Sachs Group cut their price objective on Equity Residential from $71.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.65.

Equity Residential Stock Up 0.7%

Equity Residential stock traded up $0.45 during midday trading on Tuesday, hitting $66.63. 84,754 shares of the stock were exchanged, compared to its average volume of 2,752,272. Equity Residential has a 52-week low of $57.57 and a 52-week high of $69.87. 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 business’s 50-day moving average price is $64.57 and its 200-day moving average price is $62.72. The stock has a market capitalization of $24.97 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 5.34 and a beta of 0.75.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.09). Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The firm had revenue of $779.85 million during the quarter, compared to analysts’ expectations of $781.79 million. During the same quarter last year, the business posted $0.95 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. 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. On average, research analysts expect that Equity Residential will post 4.09 EPS for the current fiscal year.

Institutional Trading of Equity Residential

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fulcrum Asset Management LLP bought a new position in Equity Residential in the 3rd quarter worth $27,000. Rosenberg Matthew Hamilton increased its position in shares of Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares during the period. Zions Bancorporation National Association UT increased its position in shares of Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 379 shares during the period. DV Equities LLC bought a new position in Equity Residential in the fourth quarter worth about $30,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Equity Residential in the third quarter worth about $31,000. Hedge funds and other 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.