Evercore Has Lowered Expectations for Equity Residential (NYSE:EQR) Stock Price

Equity Residential (NYSE:EQR) had its target price cut by analysts at Evercore from $70.00 to $67.00 in a research note issued to investors on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Evercore’s target price indicates a potential upside of 11.23% from the company’s previous close.

A number of other equities research analysts also recently weighed in on EQR. Royal Bank Of Canada lowered their target price on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. BMO Capital Markets downgraded shares of Equity Residential from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $70.00 to $68.00 in a research note on Friday, January 9th. Stifel Nicolaus set a $78.50 target price on shares of Equity Residential in a research note on Friday, February 6th. Cantor Fitzgerald increased their price target on shares of Equity Residential from $61.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Finally, Piper Sandler set a $78.00 price target on shares of Equity Residential in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.58.

Equity Residential Trading Up 0.3%

Shares of EQR opened at $60.23 on Monday. The firm’s 50 day simple moving average is $61.64 and its 200 day simple moving average is $61.66. The company has a market capitalization of $22.74 billion, a P/E ratio of 20.56, a P/E/G ratio of 4.55 and a beta of 0.73. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.31 and a quick ratio of 0.31. Equity Residential has a 1-year low of $57.57 and a 1-year high of $72.40.

Equity Residential (NYSE:EQR) last announced its 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 company had revenue of $781.91 million during the quarter, compared to analysts’ expectations of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $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. Sell-side analysts forecast that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Equity Residential

In other news, EVP Robert Garechana sold 3,637 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president owned 18,740 shares in the company, valued at approximately $1,220,536.20. This trade represents a 16.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael L. Manelis sold 5,765 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 transaction of $375,474.45. Following the completion of the transaction, the chief operating officer owned 46,131 shares in the company, valued at $3,004,512.03. This represents a 11.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,058 shares of company stock worth $655,078 over the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of 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 last quarter. Baillie Gifford & Co. grew its holdings in shares of Equity Residential by 566.7% in the third quarter. Baillie Gifford & Co. now owns 115,181 shares of the real estate investment trust’s stock worth $7,456,000 after purchasing an additional 97,906 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Equity Residential by 34.6% in the third quarter. Aberdeen Group plc now owns 568,408 shares of the real estate investment trust’s stock worth $36,446,000 after purchasing an additional 146,148 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Equity Residential in the third quarter worth approximately $9,094,000. Finally, National Pension Service grew its holdings in shares of Equity Residential by 4.6% in the third quarter. National Pension Service now owns 605,494 shares of the real estate investment trust’s stock worth $39,194,000 after purchasing an additional 26,590 shares during 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.