Equity Residential (NYSE:EQR) Price Target Raised to $69.00

Equity Residential (NYSE:EQR) had its price target upped by The Goldman Sachs Group from $63.00 to $69.00 in a research note issued to investors on Friday,MarketScreener reports. The Goldman Sachs Group currently has a neutral rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on EQR. Stifel Nicolaus set a $79.75 price target on Equity Residential in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. Mizuho reduced their price target on shares of Equity Residential from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. BNP Paribas cut shares of Equity Residential from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Finally, UBS Group upped their price objective on shares of Equity Residential from $68.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Equity Residential has an average rating of “Hold” and a consensus target price of $69.95.

Equity Residential Trading Up 1.5%

Shares of Equity Residential stock opened at $62.07 on Friday. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.75. Equity Residential has a 12-month low of $58.38 and a 12-month high of $75.86. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 3.14 and a beta of 0.75. The firm’s 50 day simple moving average is $61.23 and its two-hundred day simple moving average is $63.18.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, hitting the consensus estimate of $1.02. The business had revenue of $782.41 million during the quarter, compared to the consensus estimate of $779.68 million. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. During the same period in the previous year, the firm posted $0.98 earnings per share. 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. Analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

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

Institutional Trading of Equity Residential

A number of hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC boosted its position in shares of Equity Residential by 1,442.9% during the 4th quarter. FNY Investment Advisers LLC now owns 1,080 shares of the real estate investment trust’s stock valued at $68,000 after acquiring an additional 1,010 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Equity Residential by 38.1% during the fourth quarter. Exchange Traded Concepts LLC now owns 106,633 shares of the real estate investment trust’s stock worth $6,722,000 after purchasing an additional 29,398 shares during the period. Pallas Capital Advisors LLC acquired a new position in Equity Residential in the 4th quarter valued at about $288,000. Czech National Bank boosted its holdings in Equity Residential by 3.4% in the 4th quarter. Czech National Bank now owns 91,297 shares of the real estate investment trust’s stock valued at $5,755,000 after purchasing an additional 3,033 shares during the last quarter. Finally, Pensionfund Sabic purchased a new stake in shares of Equity Residential in the 4th quarter valued at approximately $1,567,000. Institutional investors and hedge funds 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.