Royal Bank Of Canada Cuts Equity Residential (NYSE:EQR) Price Target to $68.00

Equity Residential (NYSE:EQR) had its price objective reduced by Royal Bank Of Canada from $70.00 to $68.00 in a research note issued to investors on Thursday morning,MarketScreener reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on the stock. Evercore ISI reduced their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. JPMorgan Chase & Co. reduced their price target on shares of Equity Residential from $75.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. BNP Paribas lowered Equity Residential from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Jefferies Financial Group cut their price objective on Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a research note on Tuesday, November 11th. Finally, Scotiabank decreased their target price on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.95.

Equity Residential Price Performance

Shares of NYSE EQR opened at $62.07 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. Equity Residential has a fifty-two week low of $58.38 and a fifty-two week high of $75.86. The business has a 50 day moving average price of $61.23 and a two-hundred day moving average price of $63.21. The firm has a market cap of $23.61 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.14 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 the consensus estimate 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 period in the prior 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. Sell-side analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were issued a $0.6925 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.77 annualized dividend and a dividend yield of 4.5%. Equity Residential’s dividend payout ratio (DPR) is 91.42%.

Institutional Investors Weigh In On Equity Residential

Several large investors have recently added to or reduced their stakes in EQR. Collier Financial acquired a new position in shares of Equity Residential during the third quarter valued at $26,000. Fulcrum Asset Management LLP bought a new stake in Equity Residential in the 3rd quarter valued at about $27,000. CVA Family Office LLC lifted its position in 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 valued at $28,000 after purchasing an additional 336 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake 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 valued at $28,000 after purchasing an additional 180 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in Equity Residential in the 3rd quarter worth about $31,000. 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.