Equity Residential (NYSE:EQR) Given New $69.00 Price Target at Evercore ISI

Equity Residential (NYSE:EQR) had its price target boosted by Evercore ISI from $68.00 to $69.00 in a research note published on Monday,MarketScreener reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other brokerages have also commented on EQR. Royal Bank Of Canada cut their price target on Equity Residential from $70.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. BMO Capital Markets cut shares of Equity Residential from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $70.00 to $68.00 in a report on Friday, January 9th. UBS Group boosted their price target on shares of Equity Residential from $68.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Cantor Fitzgerald upped their price target on shares of Equity Residential from $61.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Mizuho cut their price objective on shares of Equity Residential from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, November 24th. Seven analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Equity Residential has a consensus rating of “Hold” and an average target price of $69.58.

Equity Residential Stock Performance

Shares of NYSE:EQR opened at $64.61 on Monday. The firm’s 50 day simple moving average is $61.84 and its 200-day simple moving average is $62.63. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.45 and a current ratio of 0.31. Equity Residential has a one year low of $58.38 and a one year high of $75.86. The firm has a market cap of $24.58 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 4.36 and a beta of 0.76.

Equity Residential (NYSE:EQR) last announced its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.01). The firm had revenue of $781.91 million during the quarter, compared to the consensus estimate of $786.35 million. Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the company earned $1.00 EPS. Equity Residential has set its Q1 2026 guidance at 0.940-0.980 EPS and its FY 2026 guidance at 4.020-4.140 EPS. As a group, equities analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 2nd were paid a dividend of $0.6925 per share. This represents a $2.77 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, January 2nd. Equity Residential’s payout ratio is 94.54%.

Institutional Investors Weigh In On Equity Residential

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Equity Residential by 2.3% during the third quarter. Vanguard Group Inc. now owns 57,597,658 shares of the real estate investment trust’s stock worth $3,728,296,000 after purchasing an additional 1,281,354 shares in the last quarter. Norges Bank purchased a new position in Equity Residential during the 2nd quarter worth $2,351,689,000. State Street Corp increased its position in Equity Residential by 2.8% during the 3rd quarter. State Street Corp now owns 24,922,935 shares of the real estate investment trust’s stock valued at $1,630,103,000 after buying an additional 688,854 shares in the last quarter. Geode Capital Management LLC raised its stake in Equity Residential by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock valued at $644,412,000 after buying an additional 114,604 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Equity Residential by 0.5% in the fourth quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock valued at $582,617,000 after buying an additional 44,127 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.

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.