Scotiabank Issues Positive Forecast for Equity Residential (NYSE:EQR) Stock Price

Equity Residential (NYSE:EQR) had its price target hoisted by Scotiabank from $67.00 to $70.00 in a report published on Thursday, Marketbeat.com reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

EQR has been the subject of a number of other research reports. BNP Paribas Exane upped their target price on shares of Equity Residential from $68.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Barclays raised their price target on shares of Equity Residential from $75.00 to $76.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Nordea Equity Research raised shares of Equity Residential to a “buy” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Argus set a $70.00 target price on shares of Equity Residential in a research note on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Equity Residential has an average rating of “Hold” and a consensus target price of $70.80.

Equity Residential Stock Down 0.4%

EQR stock opened at $68.06 on Thursday. Equity Residential has a 52 week low of $57.57 and a 52 week high of $71.50. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.77. The firm has a 50-day simple moving average of $66.63 and a 200-day simple moving average of $63.49. The stock has a market capitalization of $25.50 billion, a P/E ratio of 27.22, a P/E/G ratio of 5.42 and a beta of 0.74.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The firm had revenue of $779.85 million during the quarter, compared to analyst estimates of $781.79 million. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. 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. Equities analysts forecast that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 29th will be paid a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, June 29th. Equity Residential’s dividend payout ratio (DPR) is 112.40%.

Institutional Investors Weigh In On Equity Residential

A number of institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its position in Equity Residential by 3.1% in the first quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after purchasing an additional 226 shares during the period. Cresset Asset Management LLC grew its stake in shares of Equity Residential by 13.9% in the second quarter. Cresset Asset Management LLC now owns 4,836 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 590 shares in the last quarter. Jump Financial LLC raised its holdings in shares of Equity Residential by 96.1% in the 2nd quarter. Jump Financial LLC now owns 11,300 shares of the real estate investment trust’s stock valued at $763,000 after buying an additional 5,537 shares during the period. Federated Hermes Inc. purchased a new stake in shares of Equity Residential in the 2nd quarter valued at $100,000. Finally, Cerity Partners LLC raised its holdings in shares of Equity Residential by 170.7% in the 2nd quarter. Cerity Partners LLC now owns 20,646 shares of the real estate investment trust’s stock valued at $1,393,000 after buying an additional 13,018 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

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.