Equity Residential (NYSE:EQR) Price Target Raised to $72.00 at JPMorgan Chase & Co.

Equity Residential (NYSE:EQR) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $71.00 to $72.00 in a research note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 9.62% from the stock’s current price.

EQR has been the topic of several other reports. Cantor Fitzgerald raised their price target on shares of Equity Residential from $64.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday. Wall Street Zen downgraded shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Saturday. Scotiabank boosted their target price on Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 4th. Barclays upped their price target on Equity Residential from $75.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Morgan Stanley raised Equity Residential from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $72.00 to $74.00 in a report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.91.

Equity Residential Stock Up 0.7%

NYSE EQR opened at $65.68 on Tuesday. The business has a fifty day moving average price of $61.37 and a 200 day moving average price of $61.52. Equity Residential has a one year low of $57.57 and a one year high of $71.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. The company has a market cap of $24.61 billion, a P/E ratio of 26.26, a P/E/G ratio of 4.92 and a beta of 0.76.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data 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 net margin of 30.63% and a return on equity of 8.57%. The firm had revenue of $779.85 million during the quarter, compared to analysts’ expectations of $781.79 million. During the same quarter in the previous year, the business posted $0.95 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that Equity Residential will post 4.09 EPS for the current fiscal year.

Insider Buying and Selling at Equity Residential

In other news, EVP Catherine Carraway sold 656 shares of Equity Residential stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $42,725.28. Following the sale, the executive vice president owned 18,339 shares of the company’s stock, valued at approximately $1,194,419.07. The trade was a 3.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Garechana sold 3,637 shares of the company’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 completion of the transaction, the executive vice president owned 18,740 shares in the company, valued at $1,220,536.20. This represents a 16.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,058 shares of company stock worth $655,078 in the last ninety days. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Equity Residential

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Insigneo Advisory Services LLC lifted its stake in shares of Equity Residential by 4.9% in the 4th quarter. Insigneo Advisory Services LLC now owns 3,543 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 165 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in Equity Residential by 69.2% in the 4th 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. Leonteq Securities AG raised its holdings in Equity Residential by 48.8% in the 1st quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 180 shares during the period. CX Institutional lifted its position in Equity Residential by 6.1% in the third quarter. CX Institutional now owns 3,274 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 189 shares during the last quarter. Finally, Summitry LLC lifted its position in Equity Residential by 6.3% in the third quarter. Summitry LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

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.