BNP Paribas Exane Raises Equity Residential (NYSE:EQR) Price Target to $70.00

Equity Residential (NYSE:EQR) had its target price boosted by investment analysts at BNP Paribas Exane from $68.00 to $70.00 in a research note issued on Monday,MarketScreener reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. BNP Paribas Exane’s target price would suggest a potential upside of 7.72% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Evercore raised their target price on shares of Equity Residential from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Morgan Stanley upgraded shares of Equity Residential from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $72.00 to $74.00 in a research report on Thursday, March 26th. Cantor Fitzgerald upped their price target on shares of Equity Residential from $64.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, The Goldman Sachs Group reduced their price target on shares of Equity Residential from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, Equity Residential presently has an average rating of “Hold” and a consensus price target of $70.11.

Equity Residential Price Performance

NYSE EQR traded up $1.11 during midday trading on Monday, hitting $64.99. The company had a trading volume of 38,649 shares, compared to its average volume of 2,644,362. The company has a market capitalization of $24.35 billion, a PE ratio of 26.01, a P/E/G ratio of 5.07 and a beta of 0.76. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $61.81 and a 200-day moving average price of $61.71. Equity Residential has a twelve month low of $57.57 and a twelve month high of $71.52.

Equity Residential (NYSE:EQR) last released 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). The company had revenue of $779.85 million for the quarter, compared to the consensus estimate of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. 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, analysts anticipate that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equity Residential

A number of hedge funds have recently made changes to their positions in EQR. Collier Financial bought a new stake in shares of Equity Residential during the 3rd quarter valued at approximately $26,000. Fulcrum Asset Management LLP acquired a new position in Equity Residential during the 3rd quarter worth approximately $27,000. Rosenberg Matthew Hamilton lifted its stake 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 purchasing an additional 180 shares during the last quarter. Zions Bancorporation National Association UT lifted its stake in Equity Residential by 375.2% in 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 purchasing an additional 379 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in Equity Residential in the fourth quarter valued at approximately $30,000. 92.68% of the stock is currently 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.