Evercore ISI Has Lowered Expectations for Equity Residential (NYSE:EQR) Stock Price

Equity Residential (NYSE:EQR) had its target price decreased by research analysts at Evercore ISI from $70.00 to $68.00 in a note issued to investors on Monday, MarketBeat reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s price target would suggest a potential upside of 14.54% from the company’s previous close.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. dropped their price target on Equity Residential from $76.00 to $75.00 in a research report on Tuesday, September 16th. Truist Financial decreased their price target on Equity Residential from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, August 29th. Wells Fargo & Company lowered their target price 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. Jefferies Financial Group reduced 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, Morgan Stanley cut their target price on Equity Residential from $76.50 to $75.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 13th. Seven analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.45.

Equity Residential Price Performance

Shares of EQR stock opened at $59.37 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.17. The company has a market cap of $22.67 billion, a P/E ratio of 19.59, a PEG ratio of 2.99 and a beta of 0.90. The stock’s 50-day moving average is $63.66 and its 200 day moving average is $66.19. Equity Residential has a 1-year low of $58.38 and a 1-year high of $78.32.

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

Institutional Investors Weigh In On Equity Residential

Several institutional investors and hedge funds have recently modified their holdings of EQR. Greenleaf Trust grew its holdings in Equity Residential by 4.4% during the 1st quarter. Greenleaf Trust now owns 3,858 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 162 shares in the last quarter. Brown Advisory Inc. raised its stake in Equity Residential by 1.6% during the 1st quarter. Brown Advisory Inc. now owns 10,733 shares of the real estate investment trust’s stock valued at $768,000 after acquiring an additional 166 shares in the last quarter. Rothschild Investment LLC raised its stake in Equity Residential by 6.8% during the 2nd quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock valued at $192,000 after acquiring an additional 182 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Equity Residential by 0.4% during the 2nd quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock worth $3,242,000 after buying an additional 183 shares in the last quarter. Finally, CX Institutional raised its position in shares of Equity Residential by 6.1% during the 3rd quarter. CX Institutional now owns 3,274 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

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.