Jefferies Financial Group Has Lowered Expectations for Equity Residential (NYSE:EQR) Stock Price

Equity Residential (NYSE:EQR) had its price target decreased by research analysts at Jefferies Financial Group from $68.00 to $65.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 9.43% from the stock’s current price.

Several other brokerages have also recently issued reports on EQR. JPMorgan Chase & Co. reduced their target price on shares of Equity Residential from $76.00 to $75.00 in a report on Tuesday, September 16th. Stifel Nicolaus set a $79.75 price objective on shares of Equity Residential in a report on Wednesday, October 29th. Wall Street Zen upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Monday, November 3rd. Royal Bank Of Canada reduced their target price on Equity Residential from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Finally, UBS Group cut their price target on shares of Equity Residential from $76.00 to $68.00 and set a “buy” rating for the company in a report on Monday. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Equity Residential has a consensus rating of “Hold” and an average price target of $71.22.

Equity Residential Stock Up 0.2%

Shares of NYSE:EQR traded up $0.12 during midday trading on Tuesday, hitting $59.40. 60,344 shares of the company’s stock were exchanged, compared to its average volume of 2,044,271. The company has a market cap of $22.60 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. Equity Residential has a 12 month low of $58.38 and a 12 month high of $78.32. The stock has a 50 day moving average price of $62.86 and a 200-day moving average price of $65.77. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.17.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The company had revenue of $782.41 million for the quarter, compared to analysts’ expectations of $779.68 million. During the same period in the prior year, the business earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. On average, sell-side analysts anticipate that Equity Residential will post 3.98 EPS for the current fiscal year.

Institutional Trading of Equity Residential

Institutional investors and hedge funds have recently made changes to their positions in the stock. Collier Financial acquired a new stake in shares of Equity Residential in the 3rd quarter valued at $26,000. CVA Family Office LLC boosted its stake in shares of Equity Residential by 425.3% in the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 336 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Equity Residential in the third quarter valued at $31,000. Hantz Financial Services Inc. grew its stake in Equity Residential by 434.7% during the third quarter. Hantz Financial Services Inc. now owns 540 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 439 shares in the last quarter. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of Equity Residential in the 1st quarter worth about $37,000. 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.