Brokerages Set Equity Residential (NYSE:EQR) Target Price at $74.32

Shares of Equity Residential (NYSE:EQR) have received a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $74.25.

EQR has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Barclays dropped their price target on Equity Residential from $81.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 30th. BNP Paribas Exane cut Equity Residential from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Finally, Scotiabank dropped their price target on Equity Residential from $78.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 14th.

Equity Residential Stock Down 1.0%

EQR opened at $61.50 on Friday. The business’s 50-day simple moving average is $64.28 and its 200-day simple moving average is $66.62. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.17. Equity Residential has a one year low of $59.41 and a one year high of $78.32. The stock has a market capitalization of $23.49 billion, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 3.15 and a beta of 0.90.

Equity Residential (NYSE:EQR) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. The business had revenue of $768.83 million for the quarter, compared to analysts’ expectations of $770.60 million. Equity Residential had a return on equity of 9.05% and a net margin of 33.22%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. Analysts anticipate that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were given a dividend of $0.6925 per share. The ex-dividend date was Thursday, September 25th. This represents a $2.77 annualized dividend and a yield of 4.5%. Equity Residential’s payout ratio is presently 104.53%.

Hedge Funds Weigh In On Equity Residential

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Equity Residential by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 56,316,304 shares of the real estate investment trust’s stock worth $3,800,787,000 after acquiring an additional 315,370 shares in the last quarter. Norges Bank purchased a new stake in shares of Equity Residential during the 2nd quarter worth approximately $2,351,689,000. State Street Corp boosted its stake in shares of Equity Residential by 1.8% during the 2nd quarter. State Street Corp now owns 24,234,081 shares of the real estate investment trust’s stock worth $1,651,909,000 after acquiring an additional 417,119 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Equity Residential by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust’s stock worth $1,482,537,000 after acquiring an additional 1,101,027 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Equity Residential by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust’s stock worth $664,662,000 after acquiring an additional 137,533 shares in the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.