Analysts Set Equity Residential (NYSE:EQR) PT at $70.27

Shares of Equity Residential (NYSE:EQR) have been given a consensus rating of “Hold” by the eighteen brokerages that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $70.2656.

A number of equities research analysts recently weighed in on EQR shares. UBS Group lowered their price target on shares of Equity Residential from $76.00 to $68.00 and set a “buy” rating for the company in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Equity Residential in a report on Wednesday, October 8th. Scotiabank decreased their price target on shares of Equity Residential from $73.00 to $66.00 and set a “sector perform” rating for the company in a report on Tuesday, November 4th. The Goldman Sachs Group lowered their price objective on shares of Equity Residential from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. Finally, Stifel Nicolaus set a $79.75 price objective on shares of Equity Residential in a research note on Wednesday, October 29th.

Equity Residential Stock Performance

NYSE:EQR opened at $61.47 on Friday. The firm’s fifty day simple moving average is $61.57 and its 200 day simple moving average is $64.88. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 0.75. Equity Residential has a twelve month low of $58.38 and a twelve month high of $76.39. The firm has a market capitalization of $23.39 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.99 and a beta of 0.88.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The company had revenue of $782.41 million for the quarter, compared to analyst estimates of $779.68 million. During the same period last year, the company posted $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. As a group, equities research analysts expect that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Equity Residential Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, September 25th were given a dividend of $0.6925 per share. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Thursday, September 25th. Equity Residential’s dividend payout ratio is presently 91.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC increased its position in Equity Residential by 6.8% in the second quarter. Rothschild Investment LLC now owns 2,841 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 182 shares during the period. Cetera Investment Advisers grew its position in shares of Equity Residential by 0.4% during the second quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock worth $3,242,000 after acquiring an additional 183 shares during the last quarter. CX Institutional increased its holdings in shares of Equity Residential by 6.1% in the 3rd quarter. CX Institutional now owns 3,274 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 189 shares during the period. Summitry LLC lifted its position in Equity Residential by 6.3% in the 3rd quarter. Summitry LLC now owns 3,193 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 189 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Equity Residential by 1.1% in the 3rd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the real estate investment trust’s stock valued at $1,178,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds 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.