Barclays Reiterates Equal Weight Rating for Equity Residential (NYSE:EQR)

Equity Residential (NYSE:EQR)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays in a report released on Tuesday,Benzinga reports. They currently have a $76.00 price objective on the real estate investment trust’s stock. Barclays‘s target price suggests a potential upside of 9.07% from the stock’s previous close.

A number of other research firms have also commented on EQR. Wall Street Zen lowered shares of Equity Residential from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Mizuho raised their price target on shares of Equity Residential from $66.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Scotiabank raised their price target on shares of Equity Residential from $67.00 to $70.00 and gave the stock a “sector perform” rating in a report on Thursday, July 9th. Nordea Equity Research raised shares of Equity Residential to a “buy” rating in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Equity Residential from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.80.

Equity Residential Trading Up 1.4%

Shares of EQR stock opened at $69.68 on Tuesday. The business has a 50-day moving average of $66.78 and a 200 day moving average of $63.58. 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 has a 1-year low of $57.57 and a 1-year high of $71.50. The stock has a market capitalization of $26.12 billion, a PE ratio of 27.87, a P/E/G ratio of 5.45 and a beta of 0.74.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data 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 company had revenue of $779.85 million during the quarter, compared to the consensus estimate of $781.79 million. Equity Residential had a net margin of 30.63% and a return on equity of 8.57%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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, sell-side analysts anticipate that Equity Residential will post 4.09 earnings per share for the current year.

Institutional Investors Weigh In On Equity Residential

Several institutional investors and hedge funds have recently modified their holdings of EQR. Norges Bank bought a new stake in shares of Equity Residential during the 4th quarter valued at about $2,201,674,000. State Street Corp lifted its holdings in Equity Residential by 2.8% in the third quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock worth $1,630,103,000 after buying an additional 688,854 shares during the period. Geode Capital Management LLC boosted its position in Equity Residential by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock valued at $644,412,000 after acquiring an additional 114,604 shares in the last quarter. First Eagle Investment Management LLC boosted its position in Equity Residential by 0.5% during the 4th quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock valued at $582,617,000 after acquiring an additional 44,127 shares in the last quarter. Finally, Cohen & Steers Inc. grew its holdings in shares of Equity Residential by 227.7% during the 4th quarter. Cohen & Steers Inc. now owns 7,405,502 shares of the real estate investment trust’s stock worth $466,869,000 after acquiring an additional 5,145,442 shares during the period. 92.68% of the stock is owned by hedge funds and other institutional investors.

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.