Equity Residential (NYSE:EQR) Price Target Raised to $70.00 at Mizuho

Equity Residential (NYSE:EQR) had its price target raised by analysts at Mizuho from $66.00 to $70.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price would indicate a potential upside of 3.24% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Nordea Equity Research upgraded Equity Residential to a “buy” rating in a research note on Wednesday, May 27th. Cantor Fitzgerald boosted their price target on Equity Residential from $64.00 to $66.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. BMO Capital Markets boosted their price target on Equity Residential from $68.00 to $75.00 and gave the company a “market perform” rating in a research note on Monday. Barclays boosted their price target on Equity Residential from $75.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $72.00 to $74.00 in a research note on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.55.

Equity Residential Trading Up 0.7%

Shares of EQR opened at $67.81 on Wednesday. Equity Residential has a 12-month low of $57.57 and a 12-month high of $70.21. 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 market capitalization of $25.40 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 5.34 and a beta of 0.75. The stock’s 50-day moving average price is $63.97 and its 200 day moving average price is $62.54.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results 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 net margin of 30.63% and a return on equity of 8.57%. The firm had revenue of $779.85 million for the quarter, compared to the consensus estimate of $781.79 million. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The company’s 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. As a group, research analysts predict that Equity Residential will post 4.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Insigneo Advisory Services LLC boosted its holdings 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 worth $223,000 after acquiring an additional 165 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of 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 worth $3,619,000 after acquiring an additional 171 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in Equity Residential by 69.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares in the last quarter. Leonteq Securities AG lifted its holdings in Equity Residential by 48.8% during the 1st quarter. Leonteq Securities AG now owns 549 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 180 shares in the last quarter. Finally, Summitry LLC lifted its holdings in Equity Residential by 6.3% during the 3rd quarter. Summitry LLC now owns 3,193 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 189 shares in the last quarter. 92.68% of the stock is 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.