Equity Residential (NYSE:EQR) Price Target Lowered to $71.00 at JPMorgan Chase & Co.

Equity Residential (NYSE:EQR) had its target price trimmed by JPMorgan Chase & Co. from $75.00 to $71.00 in a research report sent to investors on Thursday morning,MarketScreener reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the company. BMO Capital Markets dropped their target price on Equity Residential from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Monday, November 17th. BNP Paribas Exane downgraded Equity Residential from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Mizuho dropped their price target on shares of Equity Residential from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, November 24th. Barclays cut their price objective on shares of Equity Residential from $80.00 to $77.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Finally, Jefferies Financial Group reduced their price objective on shares of Equity Residential from $68.00 to $65.00 and set a “hold” rating for the company in a research note on Tuesday, November 11th. Eight investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Equity Residential has a consensus rating of “Hold” and a consensus target price of $70.02.

Equity Residential Trading Down 0.7%

NYSE:EQR opened at $61.61 on Thursday. Equity Residential has a one year low of $58.38 and a one year high of $75.86. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.45 and a quick ratio of 0.45. The company’s 50-day simple moving average is $61.39 and its 200 day simple moving average is $64.77. The firm has a market capitalization of $23.44 billion, a P/E ratio of 20.33, a PEG ratio of 3.30 and a beta of 0.75.

Equity Residential (NYSE:EQR) last announced its earnings results 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. Equity Residential had a net margin of 37.58% and a return on equity of 10.30%. The business had revenue of $782.41 million during the quarter, compared to the consensus estimate of $779.68 million. During the same quarter last year, the firm earned $0.98 earnings per share. Equity Residential has set its Q4 2025 guidance at 1.020-1.060 EPS and its FY 2025 guidance at 3.980-4.020 EPS. As a group, analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, September 25th were issued a $0.6925 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 4.5%. Equity Residential’s dividend payout ratio (DPR) is presently 91.42%.

Institutional Trading of Equity Residential

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Equity Residential during the 2nd quarter worth $2,351,689,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Equity Residential by 876.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,500,885 shares of the real estate investment trust’s stock worth $291,342,000 after purchasing an additional 4,039,752 shares during the period. Nuveen LLC purchased a new position in Equity Residential during the first quarter valued at $165,442,000. Wellington Management Group LLP lifted its position in Equity Residential by 797.2% during the third quarter. Wellington Management Group LLP now owns 2,085,406 shares of the real estate investment trust’s stock valued at $134,988,000 after purchasing an additional 1,852,970 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in Equity Residential by 725.6% during the second quarter. Prudential Financial Inc. now owns 1,908,429 shares of the real estate investment trust’s stock valued at $128,800,000 after purchasing an additional 1,677,278 shares during the period. 92.68% of the stock is 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.