Equity Residential (NYSE:EQR) Price Target Cut to $73.50 by Analysts at Morgan Stanley

Equity Residential (NYSE:EQR) had its price objective trimmed by Morgan Stanley from $75.00 to $73.50 in a report released on Thursday,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

EQR has been the topic of a number of other research reports. Truist Financial cut their price target on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Stifel Nicolaus set a $79.75 price objective on shares of Equity Residential in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a report on Wednesday, October 8th. Wells Fargo & Company dropped their price target on Equity Residential from $68.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, BNP Paribas Exane cut Equity Residential from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Seven equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.22.

Equity Residential Trading Up 0.2%

NYSE:EQR traded up $0.14 on Thursday, reaching $59.42. The company’s stock had a trading volume of 1,923,698 shares, compared to its average volume of 2,052,382. Equity Residential has a 1-year low of $58.38 and a 1-year high of $78.32. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.17 and a current ratio of 0.45. The firm has a market cap of $22.61 billion, a PE ratio of 19.61, a PEG ratio of 2.99 and a beta of 0.88. The business’s 50-day moving average price is $62.72 and its two-hundred day moving average price is $65.70.

Equity Residential (NYSE:EQR) last released its quarterly 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 analyst estimates of $779.68 million. During the same quarter last 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. Equities research analysts anticipate 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, October 10th. Investors of record on Thursday, September 25th were given a dividend of $0.6925 per share. 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 4.7%. Equity Residential’s dividend payout ratio is currently 91.42%.

Institutional Trading of Equity Residential

Several large investors have recently bought and sold shares of EQR. Collier Financial bought a new stake in Equity Residential during the 3rd quarter worth approximately $26,000. CVA Family Office LLC grew its holdings in Equity Residential by 425.3% in the second quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 336 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Equity Residential in the third quarter valued at approximately $31,000. GKV Capital Management Co. Inc. bought a new position in shares of Equity Residential in the first quarter valued at $37,000. Finally, Hantz Financial Services Inc. boosted its position 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 buying an additional 439 shares during the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.

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.