Equity Residential (NYSE:EQR) Price Target Lowered to $65.00 at Mizuho

Equity Residential (NYSE:EQR) had its target price trimmed by Mizuho from $66.00 to $65.00 in a research report report published on Monday morning, MarketBeat.com reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

EQR has been the topic of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th. Jefferies Financial Group reduced their price target on Equity Residential from $68.00 to $65.00 and set a “hold” rating for the company in a research report on Tuesday, November 11th. BNP Paribas cut shares of Equity Residential from an “outperform” rating to a “hold” rating in a research note on Monday, September 29th. Barclays cut their price target on shares of Equity Residential from $81.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, September 30th. Finally, BMO Capital Markets lowered their price target on shares of Equity Residential from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, November 17th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.45.

Equity Residential Trading Up 0.1%

Equity Residential stock opened at $60.59 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. Equity Residential has a 52-week low of $58.38 and a 52-week high of $78.32. The company has a market cap of $23.05 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.99 and a beta of 0.88. The business has a 50-day simple moving average of $61.91 and a two-hundred day simple moving average of $65.18.

Equity Residential (NYSE:EQR) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.02. The firm had revenue of $782.41 million for 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 in the previous year, the firm earned $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. Analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, September 25th were given a dividend of $0.6925 per share. The ex-dividend date was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.6%. Equity Residential’s dividend payout ratio (DPR) is currently 91.42%.

Institutional Trading of Equity Residential

A number of institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its stake in shares of Equity Residential by 1.4% in the third quarter. CIBC Private Wealth Group LLC now owns 63,932 shares of the real estate investment trust’s stock worth $4,138,000 after acquiring an additional 868 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Equity Residential during the 3rd quarter worth $9,094,000. First Affirmative Financial Network increased its holdings in Equity Residential by 8.5% during the 3rd quarter. First Affirmative Financial Network now owns 5,675 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 445 shares during the period. Coldstream Capital Management Inc. raised its position in Equity Residential by 3.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 64,336 shares of the real estate investment trust’s stock valued at $4,164,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Danske Bank A S acquired a new position in shares of Equity Residential during the third quarter worth about $15,432,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

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.