Equity Residential (NYSE:EQR) Price Target Raised to $71.00

Equity Residential (NYSE:EQR) had its price objective raised by The Goldman Sachs Group from $69.00 to $71.00 in a report issued on Thursday morning,MarketScreener reports. The Goldman Sachs Group currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on EQR. Evercore ISI increased their price objective on shares of Equity Residential from $68.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. cut their price objective on Equity Residential from $75.00 to $71.00 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Stifel Nicolaus set a $78.50 price objective on Equity Residential in a research report on Friday, February 6th. Evercore decreased their price objective on Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, Scotiabank cut their target price on shares of Equity Residential from $73.00 to $66.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $69.68.

Equity Residential Trading Up 1.2%

Shares of Equity Residential stock opened at $63.82 on Thursday. The company has a 50-day moving average of $62.04 and a two-hundred day moving average of $62.58. Equity Residential has a 12-month low of $58.38 and a 12-month high of $75.86. The company has a current ratio of 0.31, a quick ratio of 0.45 and a debt-to-equity ratio of 0.73. The stock has a market cap of $24.28 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 4.80 and a beta of 0.76.

Equity Residential (NYSE:EQR) last released its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). The firm had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. 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, research analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently announced 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 yield of 4.3%. The ex-dividend date was Friday, January 2nd. Equity Residential’s payout ratio is presently 94.54%.

Insiders Place Their Bets

In related news, COO Michael L. Manelis sold 5,765 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $375,474.45. Following the transaction, the chief operating officer directly owned 46,131 shares of the company’s stock, valued at approximately $3,004,512.03. This trade represents a 11.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert Garechana sold 3,637 shares of Equity Residential stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $236,877.81. Following the completion of the transaction, the executive vice president owned 18,740 shares in the company, valued at $1,220,536.20. The trade was a 16.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 10,058 shares of company stock valued at $655,078 over the last quarter. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Equity Residential

A number of large investors have recently modified their holdings of EQR. Carronade Capital Management LP grew its holdings in shares of Equity Residential by 2.5% during the 4th quarter. Carronade Capital Management LP now owns 156,378 shares of the real estate investment trust’s stock worth $9,858,000 after purchasing an additional 3,829 shares during the period. Marshall Wace LLP acquired a new position in Equity Residential during the fourth quarter valued at approximately $17,627,000. Ontario Teachers Pension Plan Board purchased a new stake in Equity Residential during the fourth quarter worth approximately $1,123,000. Soros Fund Management LLC acquired a new stake in shares of Equity Residential in the fourth quarter worth $10,168,000. Finally, Inspire Advisors LLC raised its stake in shares of Equity Residential by 8.1% in the 4th quarter. Inspire Advisors LLC now owns 9,502 shares of the real estate investment trust’s stock valued at $599,000 after acquiring an additional 709 shares during the period. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

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.