Equity Residential (NYSE:EQR) Price Target Raised to $68.00

Equity Residential (NYSE:EQR) had its price target increased by BNP Paribas Exane from $66.00 to $68.00 in a research note issued to investors on Tuesday morning,MarketScreener reports. They currently have a neutral rating on the real estate investment trust’s stock.

EQR has been the subject of several other reports. Stifel Nicolaus set a $78.50 price target on shares of Equity Residential in a report on Friday, February 6th. Barclays reissued an “overweight” rating and set a $78.00 target price on shares of Equity Residential in a research note on Tuesday, January 13th. Morgan Stanley dropped their price target on shares of Equity Residential from $75.00 to $73.50 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. UBS Group lifted their price objective on Equity Residential from $68.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Jefferies Financial Group lowered their target price on Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a research note on Tuesday, November 11th. Six research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.74.

Equity Residential Stock Performance

Shares of Equity Residential stock opened at $63.04 on Tuesday. Equity Residential has a 12 month low of $58.38 and a 12 month high of $73.16. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. The stock has a market cap of $23.80 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 4.72 and a beta of 0.75. The business has a fifty day simple moving average of $62.56 and a 200-day simple moving average of $62.57.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data 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 return on equity of 9.98% and a net margin of 36.20%.The business had revenue of $781.91 million during the quarter, compared to analysts’ expectations of $786.35 million. During the same period in the prior year, the company posted $1.00 earnings per share. The firm’s revenue was up 2.0% on a year-over-year basis. 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, sell-side 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. Shareholders of record on Friday, January 2nd were issued a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.4%. The ex-dividend date was Friday, January 2nd. Equity Residential’s dividend payout ratio (DPR) is 94.54%.

Insiders Place Their Bets

In related news, EVP Catherine Carraway sold 656 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $42,725.28. Following the transaction, the executive vice president directly owned 18,339 shares of the company’s stock, valued at approximately $1,194,419.07. This trade represents a 3.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael L. Manelis sold 5,765 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 10,058 shares of company stock valued at $655,078 over the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Collier Financial acquired a new position in Equity Residential during the 3rd quarter worth $26,000. Fulcrum Asset Management LLP acquired a new stake in shares of Equity Residential in the third quarter valued at about $27,000. Rosenberg Matthew Hamilton increased its stake in shares of Equity Residential by 69.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 180 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of Equity Residential in the third quarter worth about $31,000. Finally, Zions Bancorporation National Association UT lifted its position in shares of Equity Residential by 375.2% during the 4th quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 379 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

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.