Equity Residential (NYSE:EQR) Price Target Raised to $69.00

Equity Residential (NYSE:EQR) had its price objective lifted by equities research analysts at The Goldman Sachs Group from $63.00 to $69.00 in a research report issued on Friday,MarketScreener reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 11.17% from the stock’s current price.

A number of other research firms also recently weighed in on EQR. Cantor Fitzgerald initiated coverage on shares of Equity Residential in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $70.00 target price on the stock. Jefferies Financial Group cut their price objective on shares of Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a report on Tuesday, November 11th. Royal Bank Of Canada lowered their target price on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a research note on Wednesday, October 8th. Finally, Morgan Stanley reduced their price objective on Equity Residential from $75.00 to $73.50 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Equity Residential currently has an average rating of “Hold” and a consensus price target of $69.95.

Equity Residential Stock Performance

Equity Residential stock opened at $62.07 on Friday. Equity Residential has a fifty-two week low of $58.38 and a fifty-two week high of $75.86. The stock’s 50 day simple moving average is $61.23 and its two-hundred day simple moving average is $63.23. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a market cap of $23.61 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 3.10 and a beta of 0.75.

Equity Residential (NYSE:EQR) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, meeting analysts’ consensus estimates of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The company had revenue of $782.41 million during the quarter, compared to analysts’ expectations of $779.68 million. During the same quarter last year, the business posted $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. As a group, analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Institutional Trading of Equity Residential

Institutional investors and hedge funds have recently modified their holdings of the business. Collier Financial bought a new position in shares of Equity Residential during the third quarter valued at $26,000. CVA Family Office LLC lifted its stake in Equity Residential by 425.3% during the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 336 shares during the period. Fulcrum Asset Management LLP purchased a new stake in shares of Equity Residential during the 3rd quarter valued at about $27,000. Rosenberg Matthew Hamilton grew its stake in shares of Equity Residential by 69.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Equity Residential in the third quarter worth approximately $31,000. Institutional investors own 92.68% of the company’s stock.

Equity Residential Company Profile

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.