Equity Residential (NYSE:EQR – Get Free Report) had its price objective upped by stock analysts at UBS Group from $71.00 to $73.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price target indicates a potential upside of 11.17% from the company’s previous close.
Several other analysts also recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Equity Residential from $65.00 to $64.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Piper Sandler set a $78.00 price objective on Equity Residential in a research report on Tuesday, January 27th. Mizuho raised their target price on Equity Residential from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Scotiabank raised their price objective on shares of Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 4th. Finally, Barclays increased their price target on shares of Equity Residential from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.01.
Check Out Our Latest Report on Equity Residential
Equity Residential Trading Down 0.3%
Equity Residential (NYSE:EQR – Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $779.85 million for the quarter, compared to analyst estimates of $781.79 million. Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. 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. On average, research analysts predict that Equity Residential will post 4.09 earnings per share for the current fiscal year.
Institutional Trading of Equity Residential
A number of large investors have recently bought and sold shares of the business. Collier Financial bought a new stake in shares of Equity Residential during the third quarter worth $26,000. Fulcrum Asset Management LLP bought a new stake in Equity Residential in the 3rd quarter valued at $27,000. Rosenberg Matthew Hamilton boosted its stake 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 worth $28,000 after purchasing an additional 180 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Equity Residential during the 3rd quarter worth about $31,000. Finally, Zions Bancorporation National Association UT increased its holdings in Equity Residential by 375.2% during the 4th quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 379 shares in the last quarter. 92.68% of the stock is owned by institutional investors.
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.
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