Equity Residential (NYSE:EQR) Given New $69.00 Price Target at The Goldman Sachs Group

Equity Residential (NYSE:EQR) had its price objective hoisted by The Goldman Sachs Group from $63.00 to $69.00 in a research note published on Friday,MarketScreener reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on the company. Jefferies Financial Group lowered their price objective on Equity Residential from $68.00 to $65.00 and set a “hold” rating for the company in a research report on Tuesday, November 11th. Wall Street Zen upgraded Equity Residential from a “sell” rating to a “hold” rating in a report on Monday, November 3rd. UBS Group lifted their target price on shares of Equity Residential from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Evercore ISI dropped their target price on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. Finally, BNP Paribas Exane downgraded shares of Equity Residential from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $69.95.

Equity Residential Stock Performance

EQR opened at $62.07 on Friday. The firm has a market capitalization of $23.61 billion, a PE ratio of 20.48, a PEG ratio of 3.10 and a beta of 0.75. Equity Residential has a 52-week low of $58.38 and a 52-week high of $75.86. The business’s 50-day simple moving average is $61.23 and its 200 day simple moving average is $63.23. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.45 and a current ratio of 0.45.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. The firm had revenue of $782.41 million for the quarter, compared to the consensus estimate of $779.68 million. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.During the same quarter in the previous year, the business earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. As a group, sell-side analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were given a $0.6925 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, January 2nd. Equity Residential’s dividend payout ratio is presently 91.42%.

Institutional Investors Weigh In On Equity Residential

Institutional investors have recently made changes to their positions in the company. Collier Financial purchased a new stake in shares of Equity Residential during the third quarter worth about $26,000. Fulcrum Asset Management LLP purchased a new stake in shares of Equity Residential during the 3rd quarter worth $27,000. CVA Family Office LLC grew its position in shares of Equity Residential by 425.3% in the 2nd quarter. CVA Family Office LLC now owns 415 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 336 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings 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 acquiring an additional 180 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in Equity Residential in the 3rd quarter valued at about $31,000. Institutional investors own 92.68% of the company’s stock.

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.