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

Equity Residential (NYSE:EQR) had its price objective hoisted by analysts at Scotiabank from $67.00 to $70.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 2.35% from the company’s previous close.

Other equities analysts have also issued reports about the company. Stifel Nicolaus lifted their price objective on Equity Residential from $78.25 to $79.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada downgraded shares of Equity Residential from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $69.00 to $70.00 in a research report on Monday, June 8th. BNP Paribas Exane raised their price target on shares of Equity Residential from $68.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Wall Street Zen cut shares of Equity Residential from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Nordea Equity Research upgraded shares of Equity Residential to a “buy” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Equity Residential presently has an average rating of “Hold” and a consensus price target of $70.80.

Equity Residential Trading Up 0.1%

Shares of EQR traded up $0.08 during trading hours on Thursday, hitting $68.39. The stock had a trading volume of 311,271 shares, compared to its average volume of 2,792,382. 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 $25.63 billion, a P/E ratio of 27.35, a P/E/G ratio of 5.57 and a beta of 0.74. The company’s fifty day simple moving average is $66.57 and its 200 day simple moving average is $63.44. Equity Residential has a 12-month low of $57.57 and a 12-month high of $71.50.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). The firm had revenue of $779.85 million for 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%. Equity Residential’s revenue was up 2.5% on a year-over-year basis. During the same period last 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. Equities research analysts forecast that Equity Residential will post 4.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EQR. CIBC Bancorp USA Inc. acquired a new stake in Equity Residential in the third quarter worth about $9,094,000. Wolverine Asset Management LLC acquired a new position in Equity Residential during the 4th quarter valued at about $1,964,000. Pensionfund Sabic bought a new stake in shares of Equity Residential during the 4th quarter worth about $1,567,000. Geode Capital Management LLC raised its position in shares of 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 worth $644,412,000 after buying an additional 114,604 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Equity Residential by 5.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,016,454 shares of the real estate investment trust’s stock worth $63,051,000 after acquiring an additional 55,786 shares during the period. Hedge funds and other institutional investors 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.