Equity Residential (NYSE:EQR) Receives $70.80 Consensus Target Price from Brokerages

Equity Residential (NYSE:EQR) has received a consensus recommendation of “Hold” from the twenty-three research firms that are currently covering the company, Marketbeat reports. Fourteen research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $70.80.

A number of brokerages have issued reports on EQR. Jefferies Financial Group upgraded Equity Residential to a “hold” rating in a research note on Friday, June 26th. Evercore upped their price objective on Equity Residential from $70.00 to $71.00 in a research note on Monday, June 8th. Stifel Nicolaus increased their target price on Equity Residential from $78.25 to $79.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Mizuho increased their target price on Equity Residential from $66.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 10th. Finally, BMO Capital Markets lifted their target price on Equity Residential from $68.00 to $75.00 and gave the company a “market perform” rating in a research note on Monday, June 8th.

Equity Residential Stock Performance

EQR opened at $68.99 on Friday. The company has a 50 day simple moving average of $67.02 and a two-hundred day simple moving average of $63.75. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18. The firm has a market cap of $25.86 billion, a P/E ratio of 27.59, a PEG ratio of 5.48 and a beta of 0.74. Equity Residential has a 1-year low of $57.57 and a 1-year high of $71.50.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 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 previous year, the business earned $0.95 earnings per share. The firm’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. Equities analysts forecast that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 29th were issued a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, June 29th. Equity Residential’s dividend payout ratio (DPR) is 112.40%.

Institutional Investors Weigh In On Equity Residential

Several institutional investors and hedge funds have recently modified their holdings of EQR. Fulcrum Asset Management LLP bought a new position in shares of Equity Residential during the third quarter worth $27,000. Rosenberg Matthew Hamilton increased 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 acquiring an additional 180 shares during the last quarter. Zions Bancorporation National Association UT increased its holdings 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 acquiring an additional 379 shares during the last quarter. DV Equities LLC purchased a new stake in Equity Residential in the 4th quarter worth $30,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Equity Residential in the 3rd quarter worth $31,000. 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.