The Goldman Sachs Group Raises Equity Residential (NYSE:EQR) Price Target to $69.00

Equity Residential (NYSE:EQR) had its price target increased by stock analysts at The Goldman Sachs Group from $63.00 to $69.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 11.17% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Royal Bank Of Canada cut their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday. Barclays reaffirmed an “overweight” rating and set a $78.00 target price on shares of Equity Residential in a research note on Tuesday. BNP Paribas Exane downgraded shares of Equity Residential from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Evercore ISI dropped their price objective on shares of Equity Residential from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Finally, Scotiabank cut their price objective on Equity Residential from $73.00 to $66.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 4th. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $69.95.

Equity Residential Trading Up 1.5%

Shares of EQR stock opened at $62.07 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.45 and a current ratio of 0.45. The stock has a fifty day simple moving average of $61.23 and a two-hundred day simple moving average of $63.21. The firm has a market capitalization of $23.61 billion, a PE ratio of 20.48, a PEG ratio of 3.14 and a beta of 0.75. Equity Residential has a 52-week low of $58.38 and a 52-week high of $75.86.

Equity Residential (NYSE:EQR) last released its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. Equity Residential had a return on equity of 10.30% and a net margin of 37.58%.The firm had revenue of $782.41 million during the quarter, compared to analyst estimates of $779.68 million. During the same quarter in the prior year, the company posted $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. On average, analysts predict that Equity Residential will post 3.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Equity Residential

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Knights of Columbus Asset Advisors LLC bought a new position in shares of Equity Residential during the 2nd quarter worth $2,860,000. Aberdeen Group plc lifted its stake in Equity Residential by 9.3% in the second quarter. Aberdeen Group plc now owns 422,260 shares of the real estate investment trust’s stock worth $28,498,000 after acquiring an additional 36,047 shares during the period. Andra AP fonden grew its holdings in Equity Residential by 30.3% during the 2nd quarter. Andra AP fonden now owns 187,100 shares of the real estate investment trust’s stock worth $12,627,000 after acquiring an additional 43,500 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Equity Residential by 2.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 707,822 shares of the real estate investment trust’s stock valued at $45,817,000 after purchasing an additional 17,287 shares during the period. Finally, Aew Capital Management L P raised its holdings in shares of Equity Residential by 3.8% in the 2nd quarter. Aew Capital Management L P now owns 391,301 shares of the real estate investment trust’s stock valued at $26,409,000 after purchasing an additional 14,310 shares in the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

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.