UBS Group Forecasts Strong Price Appreciation for Equity Residential (NYSE:EQR) Stock

Equity Residential (NYSE:EQR) had its target price raised by equities researchers at UBS Group from $71.00 to $73.00 in a report released on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. UBS Group’s price objective would indicate a potential upside of 14.25% from the stock’s current price.

A number of other brokerages have also issued reports on EQR. Royal Bank Of Canada lifted their target price on Equity Residential from $67.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. BNP Paribas Exane lifted their target price on Equity Residential from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 3rd. Stifel Nicolaus dropped their target price on Equity Residential from $78.50 to $78.25 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Scotiabank lifted their target price on Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 4th. Finally, Morgan Stanley raised Equity Residential from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $72.00 to $74.00 in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, seven 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 “Hold” and an average price target of $70.01.

Equity Residential Trading Down 1.7%

Shares of EQR opened at $63.90 on Thursday. The stock’s 50-day moving average is $61.81 and its two-hundred day moving average is $61.72. The stock has a market cap of $23.94 billion, a PE ratio of 25.56, a P/E/G ratio of 5.16 and a beta of 0.76. Equity Residential has a 12 month low of $57.57 and a 12 month high of $71.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.18 and a quick ratio of 0.18.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). The company 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%.The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. Equities analysts forecast that Equity Residential will post 4.09 earnings per share for the current fiscal year.

Institutional Trading of Equity Residential

Several institutional investors and hedge funds have recently bought and sold shares of EQR. Norges Bank acquired a new stake in Equity Residential during the fourth quarter valued at approximately $2,201,674,000. Cohen & Steers Inc. raised its stake in Equity Residential by 227.7% during the fourth quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock valued at $466,869,000 after buying an additional 5,145,442 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Equity Residential by 876.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,500,885 shares of the real estate investment trust’s stock valued at $291,342,000 after buying an additional 4,039,752 shares in the last quarter. Wellington Management Group LLP raised its stake in Equity Residential by 797.2% during the third quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock valued at $134,988,000 after buying an additional 1,852,970 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in Equity Residential by 353.5% during the third quarter. Alyeska Investment Group L.P. now owns 2,002,892 shares of the real estate investment trust’s stock valued at $129,647,000 after buying an additional 1,561,241 shares in the last quarter. Institutional investors and hedge funds 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.