Evercore ISI Forecasts Strong Price Appreciation for Equity Residential (NYSE:EQR) Stock

Equity Residential (NYSE:EQR) had its price target lifted by analysts at Evercore ISI from $68.00 to $69.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s price target indicates a potential upside of 5.35% from the stock’s current price.

EQR has been the topic of a number of other reports. Wall Street Zen upgraded shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Monday, November 3rd. Mizuho cut their target price on shares of Equity Residential from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. Stifel Nicolaus set a $78.50 target price on Equity Residential in a report on Friday. UBS Group raised their price target on Equity Residential from $68.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, BMO Capital Markets downgraded Equity Residential from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $70.00 to $68.00 in a research note on Friday, January 9th. Seven investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $69.58.

Equity Residential Trading Up 1.3%

NYSE:EQR opened at $65.50 on Monday. The company has a market cap of $24.92 billion, a PE ratio of 22.35, a P/E/G ratio of 4.43 and a beta of 0.76. The business’s 50 day moving average is $61.90 and its two-hundred day moving average is $62.61. The company has a quick ratio of 0.45, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. Equity Residential has a 52 week low of $58.38 and a 52 week high of $75.86.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.01). Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The firm had revenue of $781.91 million for the quarter, compared to analyst estimates of $786.35 million. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 earnings per share. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. On average, analysts predict that Equity Residential will post 3.98 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Equity Residential by 2.3% in the third quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock worth $3,728,296,000 after purchasing an additional 1,281,354 shares during the period. Norges Bank acquired a new position in Equity Residential during the 4th quarter valued at about $2,201,674,000. State Street Corp raised its position in shares of Equity Residential by 2.8% during the 3rd quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock worth $1,630,103,000 after buying an additional 688,854 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Equity Residential by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock worth $644,412,000 after acquiring an additional 114,604 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Equity Residential by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock valued at $582,617,000 after acquiring an additional 44,127 shares in the last quarter. Institutional investors 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.