Royal Bank Of Canada Has Lowered Expectations for Equity Residential (NYSE:EQR) Stock Price

Equity Residential (NYSE:EQR) had its price objective lowered by investment analysts at Royal Bank Of Canada from $72.00 to $70.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 17.76% from the company’s current price.

Other research analysts have also issued reports about the stock. Barclays reduced their target price on shares of Equity Residential from $81.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, September 30th. Wall Street Zen cut Equity Residential from a “hold” rating to a “sell” rating in a report on Sunday, October 26th. Stifel Nicolaus set a $79.75 price target on Equity Residential in a research note on Wednesday. Jefferies Financial Group lowered their price target on Equity Residential from $70.00 to $68.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, Wells Fargo & Company cut their price objective on Equity Residential from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday, August 27th. Seven analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.12.

Equity Residential Trading Down 1.4%

Equity Residential stock opened at $59.44 on Thursday. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The firm has a 50-day moving average price of $63.88 and a two-hundred day moving average price of $66.32. The firm has a market capitalization of $22.70 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.99 and a beta of 0.90. Equity Residential has a 52-week low of $58.51 and a 52-week high of $78.32.

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

Institutional Trading of Equity Residential

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Equity Residential by 0.6% during the second quarter. Vanguard Group Inc. now owns 56,316,304 shares of the real estate investment trust’s stock valued at $3,800,787,000 after purchasing an additional 315,370 shares during the last quarter. Norges Bank acquired a new stake in Equity Residential during the second quarter valued at approximately $2,351,689,000. State Street Corp lifted its stake in Equity Residential by 1.8% during the second quarter. State Street Corp now owns 24,234,081 shares of the real estate investment trust’s stock valued at $1,651,909,000 after purchasing an additional 417,119 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Equity Residential by 5.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,711,588 shares of the real estate investment trust’s stock valued at $1,482,537,000 after purchasing an additional 1,101,027 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Equity Residential by 1.4% during the second quarter. Geode Capital Management LLC now owns 9,884,977 shares of the real estate investment trust’s stock valued at $664,662,000 after acquiring an additional 137,533 shares during the period. 92.68% of the stock is owned by institutional investors and hedge funds.

Equity Residential Company Profile

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.