Equity Residential (NYSE:EQR) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Equity Residential (NYSE:EQR) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

A number of other equities analysts have also recently commented on EQR. BNP Paribas cut Equity Residential from an “outperform” rating to a “hold” rating in a report on Monday, September 29th. Wells Fargo & Company decreased their target price on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 27th. The Goldman Sachs Group decreased their target price on Equity Residential from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. Evercore ISI decreased their target price on Equity Residential from $72.00 to $71.00 and set an “outperform” rating on the stock in a report on Monday, October 13th. Finally, JPMorgan Chase & Co. decreased their target price on Equity Residential from $76.00 to $75.00 in a report on Tuesday, September 16th. Seven investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $72.92.

Equity Residential Trading Down 0.8%

Shares of NYSE:EQR opened at $58.98 on Monday. Equity Residential has a 52-week low of $58.38 and a 52-week high of $78.32. The stock’s 50-day simple moving average is $63.77 and its two-hundred day simple moving average is $66.25. The stock has a market capitalization of $22.53 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.45.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $779.68 million. During the same period last year, the firm earned $0.98 EPS. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS. FY 2025 guidance at 3.980-4.020 EPS. Analysts expect that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were paid a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, September 25th. Equity Residential’s dividend payout ratio (DPR) is 91.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Equity Residential by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 56,316,304 shares of the real estate investment trust’s stock valued at $3,800,787,000 after purchasing an additional 315,370 shares during the last quarter. Norges Bank bought a new position in shares of Equity Residential during the 2nd quarter valued at approximately $2,351,689,000. State Street Corp increased its position in shares of Equity Residential by 1.8% during the 2nd quarter. State Street Corp now owns 24,234,081 shares of the real estate investment trust’s stock valued at $1,651,909,000 after purchasing an additional 417,119 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Equity Residential by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust’s stock valued at $1,482,537,000 after purchasing an additional 1,101,027 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Equity Residential by 1.4% during the second quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust’s stock valued at $664,662,000 after buying an additional 137,533 shares during the period. Hedge funds and other institutional investors 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.