Equity Residential (NYSE:EQR) Price Target Lowered to $64.00 at Jefferies Financial Group

Equity Residential (NYSE:EQR) had its price target dropped by equities research analysts at Jefferies Financial Group from $65.00 to $64.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price indicates a potential upside of 4.39% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on EQR. BNP Paribas Exane upped their price objective on shares of Equity Residential from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Argus set a $70.00 price target on shares of Equity Residential in a report on Thursday, March 12th. Royal Bank Of Canada decreased their price objective on shares of Equity Residential from $68.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday. Scotiabank boosted their price objective 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. Finally, Wall Street Zen upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Equity Residential presently has a consensus rating of “Hold” and an average price target of $69.48.

Equity Residential Trading Down 0.1%

Shares of NYSE:EQR opened at $61.31 on Tuesday. The business’s 50 day simple moving average is $61.56 and its 200 day simple moving average is $61.52. Equity Residential has a 1 year low of $57.57 and a 1 year high of $72.40. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $23.15 billion, a P/E ratio of 20.99, a P/E/G ratio of 4.59 and a beta of 0.73.

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 for the quarter, missing the consensus estimate of $1.04 by ($0.01). The company had revenue of $781.91 million during the quarter, compared to analyst estimates of $786.35 million. Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. Equity Residential’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, research analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Insider Transactions at Equity Residential

In other news, COO Michael L. Manelis sold 5,765 shares of Equity Residential stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $375,474.45. Following the transaction, the chief operating officer owned 46,131 shares in the company, valued at approximately $3,004,512.03. The trade was a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Garechana sold 3,637 shares of Equity Residential stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $236,877.81. Following the transaction, the executive vice president directly owned 18,740 shares in the company, valued at $1,220,536.20. The trade was a 16.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 10,058 shares of company stock worth $655,078. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Equity Residential

Institutional investors have recently added to or reduced their stakes in the business. Collier Financial acquired a new position in shares of Equity Residential during the 3rd quarter valued at $26,000. Fulcrum Asset Management LLP acquired a new stake in Equity Residential in the third quarter worth $27,000. Rosenberg Matthew Hamilton increased its stake in Equity Residential by 69.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 180 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Equity Residential during the third quarter valued at about $31,000. Finally, Zions Bancorporation National Association UT raised its holdings in shares of Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 379 shares during the period. 92.68% of the stock is 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.