Equity Residential (NYSE:EQR) Receives $70.11 Average Price Target from Analysts

Equity Residential (NYSE:EQR) has been given an average recommendation of “Moderate Buy” by the twenty-two ratings firms that are covering the stock, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $69.90.

A number of brokerages have recently commented on EQR. Nordea Equity Research upgraded Equity Residential to a “buy” rating in a research note on Wednesday. Cantor Fitzgerald increased their price target on Equity Residential from $64.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a research report on Tuesday, April 21st. Piper Sandler reiterated a “neutral” rating and set a $72.00 price target (down from $78.00) on shares of Equity Residential in a research report on Friday. Finally, Scotiabank increased their price target on Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th.

Equity Residential Stock Down 1.2%

Shares of EQR opened at $65.48 on Friday. Equity Residential has a 52 week low of $57.57 and a 52 week high of $70.31. 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 company has a market capitalization of $24.53 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 5.26 and a beta of 0.76. The stock’s 50-day moving average price is $62.80 and its 200-day moving average price is $62.14.

Equity Residential (NYSE:EQR) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS 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 company 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 company earned $0.95 EPS. The firm’s quarterly 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. On average, sell-side analysts predict that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were given a dividend of $0.7025 per share. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, March 30th. Equity Residential’s dividend payout ratio (DPR) is currently 112.40%.

Hedge Funds Weigh In On Equity Residential

A number of hedge funds have recently bought and sold shares of the business. Insigneo Advisory Services LLC increased its position in 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 acquiring an additional 165 shares during the period. Cetera Investment Advisers increased its position in Equity Residential by 0.3% in the 1st quarter. Cetera Investment Advisers now owns 61,177 shares of the real estate investment trust’s stock valued at $3,619,000 after acquiring an additional 171 shares during the period. Rosenberg Matthew Hamilton increased its position 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 acquiring an additional 180 shares during the period. Leonteq Securities AG increased its position 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 acquiring an additional 180 shares during the period. Finally, Summitry LLC increased its position in Equity Residential by 6.3% in the 3rd quarter. Summitry LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $207,000 after acquiring an additional 189 shares during the period. 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.