Equity Residential (NYSE:EQR) Receives $70.65 Consensus Price Target from Brokerages

Shares of Equity Residential (NYSE:EQR) have earned an average rating of “Hold” from the twenty-three analysts that are covering the stock, Marketbeat reports. Thirteen research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $70.65.

EQR has been the topic of a number of research analyst reports. Scotiabank raised their target price on shares of Equity Residential from $66.00 to $67.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 4th. Barclays boosted their price target on shares of Equity Residential from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Truist Financial upped their target price on Equity Residential from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Bank of America upgraded shares of Equity Residential from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a report on Wednesday, May 27th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $72.00 target price (down from $78.00) on shares of Equity Residential in a research report on Friday, May 29th.

Equity Residential Price Performance

Shares of NYSE EQR opened at $64.00 on Wednesday. The stock has a market capitalization of $23.98 billion, a price-to-earnings ratio of 25.60, a PEG ratio of 5.09 and a beta of 0.75. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $69.87. The business has a 50-day moving average of $64.92 and a 200-day moving average of $62.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The business had revenue of $779.85 million for the quarter, compared to analyst estimates of $781.79 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. As a group, sell-side analysts predict that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 29th will be given a dividend of $0.7025 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $2.81 annualized dividend and a dividend yield of 4.4%. Equity Residential’s dividend payout ratio (DPR) is currently 112.40%.

Institutional Trading of Equity Residential

A number of large investors have recently added to or reduced their stakes in EQR. Fulcrum Asset Management LLP purchased a new position in Equity Residential during the 3rd quarter valued at about $27,000. Rosenberg Matthew Hamilton grew its position in Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 180 shares during the period. 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 valued at $30,000 after buying an additional 379 shares in the last quarter. DV Equities LLC purchased a new stake in shares of Equity Residential in the fourth quarter worth $30,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Equity Residential in the 3rd quarter worth $31,000. Hedge funds and other 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.