Equity Residential (NYSE:EQR) Price Target Raised to $64.00 at Cantor Fitzgerald

Equity Residential (NYSE:EQR) had its price objective lifted by Cantor Fitzgerald from $61.00 to $64.00 in a research report released on Monday, Marketbeat.com reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other research firms have also recently commented on EQR. Stifel Nicolaus set a $78.50 target price on Equity Residential in a research note on Friday. Piper Sandler set a $78.00 price objective on shares of Equity Residential in a report on Tuesday, January 27th. UBS Group boosted their target price on shares of Equity Residential from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Wall Street Zen raised shares of Equity Residential from a “sell” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, The Goldman Sachs Group lifted their price target on shares of Equity Residential from $63.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.58.

Equity Residential Price Performance

Equity Residential stock opened at $64.61 on Monday. Equity Residential has a 52 week low of $58.38 and a 52 week high of $75.86. The company’s 50 day moving average price is $61.84 and its two-hundred day moving average price is $62.63. The stock has a market cap of $24.58 billion, a P/E ratio of 22.05, a P/E/G ratio of 4.36 and a beta of 0.76. The company has a quick ratio of 0.45, a current ratio of 0.31 and a debt-to-equity ratio of 0.73.

Equity Residential (NYSE:EQR) last issued its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The business had revenue of $781.91 million for the quarter, compared to analysts’ expectations of $786.35 million. During the same period in the previous year, the business posted $1.00 earnings per share. The business’s revenue was up 2.0% compared to the same quarter last year. 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. On average, equities analysts predict that Equity Residential will post 3.98 earnings per share for the current year.

Equity Residential Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted 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 acquiring an additional 1,281,354 shares in the last quarter. Norges Bank purchased a new position in shares of Equity Residential in the second quarter valued at $2,351,689,000. State Street Corp raised its stake in shares of 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 purchasing an additional 688,854 shares during the period. Geode Capital Management LLC lifted its holdings in Equity Residential by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 10,258,275 shares of the real estate investment trust’s stock worth $644,412,000 after purchasing an additional 114,604 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Equity Residential by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 9,242,013 shares of the real estate investment trust’s stock worth $582,617,000 after purchasing an additional 44,127 shares during the period. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential Company Profile

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.