Equity Residential (NYSE:EQR) Stock Price Expected to Rise, Evercore Analyst Says

Equity Residential (NYSE:EQR) had its target price lifted by equities researchers at Evercore from $70.00 to $71.00 in a report issued on Monday,MarketScreener reports. Evercore’s price target points to a potential upside of 4.11% from the company’s previous close.

Several other equities analysts also recently weighed in on EQR. UBS Group raised their target price on shares of Equity Residential from $71.00 to $73.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Jefferies Financial Group lowered their price target on shares of Equity Residential from $65.00 to $64.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Morgan Stanley upgraded Equity Residential from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $72.00 to $74.00 in a research report on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a research note on Tuesday, April 21st. Finally, Barclays raised their price target on Equity Residential from $75.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Equity Residential has an average rating of “Moderate Buy” and a consensus price target of $70.30.

Equity Residential Price Performance

EQR stock traded up $0.00 during midday trading on Monday, hitting $68.19. 134,102 shares of the stock were exchanged, compared to its average volume of 2,719,838. The stock’s 50-day moving average price is $63.63 and its 200-day moving average price is $62.42. 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 stock has a market cap of $25.55 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 5.41 and a beta of 0.75. Equity Residential has a fifty-two week low of $57.57 and a fifty-two week high of $70.21.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). The firm had revenue of $779.85 million during the quarter, compared to analysts’ expectations of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Research analysts predict that Equity Residential will post 4.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA boosted its holdings in shares of Equity Residential by 19.8% during the first quarter. Glenmede Trust Co. NA now owns 4,708 shares of the real estate investment trust’s stock worth $278,000 after purchasing an additional 779 shares during the last quarter. Bank of America Corp DE increased its stake in Equity Residential by 14.2% in the first quarter. Bank of America Corp DE now owns 2,871,275 shares of the real estate investment trust’s stock valued at $169,836,000 after purchasing an additional 357,829 shares during the last quarter. Kentucky Retirement Systems lifted its position in Equity Residential by 16.4% during the first quarter. Kentucky Retirement Systems now owns 27,673 shares of the real estate investment trust’s stock worth $1,637,000 after buying an additional 3,894 shares during the period. Arkadios Wealth Advisors lifted its position in Equity Residential by 17.8% during the first quarter. Arkadios Wealth Advisors now owns 14,186 shares of the real estate investment trust’s stock worth $839,000 after buying an additional 2,144 shares during the period. Finally, Amundi boosted its stake in Equity Residential by 43.9% in the 1st quarter. Amundi now owns 1,524,676 shares of the real estate investment trust’s stock worth $90,185,000 after buying an additional 465,368 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

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.