Equity Residential (NYSE:EQR) Given New $67.00 Price Target at Royal Bank Of Canada

Equity Residential (NYSE:EQR) had its price objective decreased by Royal Bank Of Canada from $68.00 to $67.00 in a report issued on Monday morning,MarketScreener reports. Royal Bank Of Canada currently has an outperform rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on EQR. Piper Sandler set a $78.00 target price on Equity Residential in a report on Tuesday, January 27th. Stifel Nicolaus set a $78.50 price target on Equity Residential in a report on Friday, February 6th. Argus set a $70.00 price target on Equity Residential in a research report on Thursday, March 12th. Wall Street Zen upgraded Equity Residential from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Equity Residential in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Equity Residential has an average rating of “Hold” and a consensus price target of $69.53.

Equity Residential Trading Down 0.6%

EQR opened at $60.76 on Monday. The stock has a market capitalization of $22.94 billion, a PE ratio of 20.74, a P/E/G ratio of 4.61 and a beta of 0.73. The firm’s fifty day moving average price is $61.57 and its 200 day moving average price is $61.54. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.31 and a quick ratio of 0.31. Equity Residential has a 12-month low of $57.57 and a 12-month high of $72.40.

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 for the quarter, missing the consensus estimate of $1.04 by ($0.01). The company had revenue of $781.91 million for the quarter, compared to analyst estimates of $786.35 million. Equity Residential had a return on equity of 9.98% and a net margin of 36.20%.Equity Residential’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.00 earnings per share. 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, research analysts expect that Equity Residential will post 3.98 EPS for the current fiscal year.

Equity Residential Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Monday, March 30th were given a $0.7025 dividend. This is a boost from Equity Residential’s previous quarterly dividend of $0.69. This represents a $2.81 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, March 30th. Equity Residential’s dividend payout ratio is 95.90%.

Insider Buying and Selling at Equity Residential

In related news, EVP Catherine Carraway sold 656 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $42,725.28. Following the sale, the executive vice president owned 18,339 shares of the company’s stock, valued at $1,194,419.07. This trade represents a 3.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Garechana sold 3,637 shares of Equity Residential stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total transaction of $236,877.81. Following the completion of the sale, the executive vice president owned 18,740 shares in the company, valued at approximately $1,220,536.20. This represents a 16.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 10,058 shares of company stock worth $655,078. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Equity Residential

Several large investors have recently made changes to their positions in EQR. Insigneo Advisory Services LLC raised its holdings in shares of Equity Residential by 4.9% during the fourth quarter. Insigneo Advisory Services LLC now owns 3,543 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 165 shares during the last quarter. Rosenberg Matthew Hamilton increased its position 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 valued at $28,000 after acquiring an additional 180 shares during the period. CX Institutional increased its position in Equity Residential by 6.1% in the 3rd quarter. CX Institutional now owns 3,274 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 189 shares during the period. Summitry LLC raised its stake 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 acquiring an additional 189 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Equity Residential by 1.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the real estate investment trust’s stock worth $1,178,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 92.68% of the company’s stock.

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.