Equity Residential (NYSE:EQR) Given New $71.00 Price Target at Evercore

Equity Residential (NYSE:EQR) had its price target lifted by Evercore from $70.00 to $71.00 in a research report issued to clients and investors on Monday,MarketScreener reports. Evercore’s target price indicates a potential upside of 4.11% from the stock’s previous close.

A number of other research firms have also issued reports on EQR. Argus set a $70.00 target price on Equity Residential in a report on Thursday, March 12th. Nordea Equity Research upgraded shares of Equity Residential to a “buy” rating in a research report on Wednesday, May 27th. UBS Group boosted their price objective on shares of Equity Residential from $71.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Scotiabank raised their target price 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, Piper Sandler reaffirmed a “neutral” rating and issued a $72.00 target price (down from $78.00) on shares of Equity Residential in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Equity Residential has a consensus rating of “Moderate Buy” and an average price target of $70.30.

Equity Residential Stock Performance

NYSE EQR traded up $0.00 during trading on Monday, reaching $68.19. The company’s stock had a trading volume of 134,102 shares, compared to its average volume of 2,719,838. The business’s fifty day moving average price is $63.63 and its 200-day moving average price is $62.42. Equity Residential has a twelve month low of $57.57 and a twelve month high of $70.21. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. The firm has a market cap of $25.55 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 5.41 and a beta of 0.75.

Equity Residential (NYSE:EQR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share 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%.Equity Residential’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $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. As a group, analysts anticipate that Equity Residential will post 4.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Equity Residential

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fulcrum Asset Management LLP acquired a new position in shares of Equity Residential during the 3rd quarter worth $27,000. Rosenberg Matthew Hamilton lifted its stake in shares of Equity Residential by 69.2% in the fourth 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. Zions Bancorporation National Association UT boosted its holdings in Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 379 shares in the last quarter. DV Equities LLC purchased a new stake in Equity Residential during the fourth quarter worth about $30,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Equity Residential during the third quarter worth about $31,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Equity Residential Company Profile

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.