Equity Residential (NYSE:EQR) Given Average Rating of “Hold” by Analysts

Equity Residential (NYSE:EQR) has earned an average rating of “Hold” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $69.9531.

EQR has been the topic of several recent research reports. BMO Capital Markets lowered Equity Residential from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $70.00 to $68.00 in a report on Friday, January 9th. Truist Financial lowered their target price on shares of Equity Residential from $75.00 to $70.00 and set a “buy” rating for the company in a report on Monday, November 17th. Scotiabank cut their price target on shares of Equity Residential from $73.00 to $66.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 4th. The Goldman Sachs Group increased their price objective on shares of Equity Residential from $63.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Equity Residential in a research report on Wednesday, October 8th.

Institutional Trading of Equity Residential

Large investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton grew its stake in Equity Residential by 69.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares in the last quarter. Rothschild Investment LLC grew its stake 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 purchasing an additional 182 shares in the last quarter. Cetera Investment Advisers grew its stake in Equity Residential by 0.4% in the second quarter. Cetera Investment Advisers now owns 48,030 shares of the real estate investment trust’s stock worth $3,242,000 after purchasing an additional 183 shares in the last quarter. CX Institutional increased its holdings in 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 purchasing an additional 189 shares during the period. Finally, Summitry LLC raised its position in Equity Residential by 6.3% during 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 in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Equity Residential Stock Performance

Equity Residential stock opened at $62.07 on Friday. The company’s 50-day moving average price is $61.23 and its 200-day moving average price is $63.21. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.75. The company has a market cap of $23.61 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.14 and a beta of 0.75. Equity Residential has a twelve month low of $58.38 and a twelve month high of $75.86.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $1.02 EPS 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 firm 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 EPS. 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. On average, equities research analysts forecast that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, January 2nd were paid a $0.6925 dividend. The ex-dividend date was Friday, January 2nd. This represents a $2.77 dividend on an annualized basis and a yield of 4.5%. Equity Residential’s dividend payout ratio (DPR) is presently 91.42%.

About Equity Residential

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.