Equity Residential (NYSE:EQR) Reaches New 12-Month Low Following Analyst Downgrade

Equity Residential (NYSE:EQR) shares reached a new 52-week low during trading on Tuesday after Scotiabank lowered their price target on the stock from $73.00 to $66.00. Scotiabank currently has a sector perform rating on the stock. Equity Residential traded as low as $58.38 and last traded at $58.9840, with a volume of 3530067 shares traded. The stock had previously closed at $59.44.

Other research analysts have also issued research reports about the company. BNP Paribas lowered Equity Residential from an “outperform” rating to a “hold” rating in a research report on Monday, September 29th. Cantor Fitzgerald began coverage on Equity Residential in a research report on Wednesday, October 1st. They set an “overweight” rating and a $70.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. BNP Paribas Exane lowered Equity Residential from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Finally, Wall Street Zen upgraded Equity Residential from a “sell” rating to a “hold” rating in a research report on Monday. Seven equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $72.45.

Institutional Trading of Equity Residential

Institutional investors and hedge funds have recently modified their holdings of the stock. Collier Financial bought a new stake in shares of Equity Residential during the third quarter valued at approximately $26,000. CVA Family Office LLC raised its stake in shares of Equity Residential by 425.3% during the second 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 in the last quarter. Hantz Financial Services Inc. raised its stake in shares of 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. GKV Capital Management Co. Inc. bought a new stake in shares of Equity Residential during the first quarter valued at approximately $37,000. Finally, FNY Investment Advisers LLC raised its stake in shares of Equity Residential by 1,000.0% during the second quarter. FNY Investment Advisers LLC now owns 660 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Equity Residential Stock Up 0.6%

The company’s 50 day moving average price is $63.55 and its two-hundred day moving average price is $66.14. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The stock has a market cap of $22.73 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.99 and a beta of 0.88.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting the consensus estimate of $1.02. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The firm had revenue of $782.41 million during the quarter, compared to the consensus estimate of $779.68 million. During the same quarter in the previous year, the firm posted $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. As a group, research analysts expect that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were paid a $0.6925 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a yield of 4.6%. Equity Residential’s payout ratio is 91.42%.

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.