Jefferies Financial Group Has Lowered Expectations for Equity Residential (NYSE:EQR) Stock Price

Equity Residential (NYSE:EQR) had its target price cut by equities researchers at Jefferies Financial Group from $65.00 to $64.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective points to a potential upside of 4.33% from the company’s current price.

A number of other equities research analysts also recently weighed in on EQR. The Goldman Sachs Group upped their target price on Equity Residential from $69.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Cantor Fitzgerald lifted their price target on Equity Residential from $61.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Argus set a $70.00 price objective on Equity Residential in a research note on Thursday, March 12th. Mizuho upped their price objective on Equity Residential from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Finally, BMO Capital Markets cut Equity Residential from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $70.00 to $68.00 in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.48.

Equity Residential Stock Performance

Shares of EQR opened at $61.35 on Tuesday. The firm has a market capitalization of $23.16 billion, a PE ratio of 20.94, a P/E/G ratio of 4.63 and a beta of 0.73. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $61.53 and a 200 day moving average price of $61.52. Equity Residential has a 52-week low of $57.57 and a 52-week high of $72.40.

Equity Residential (NYSE:EQR) last released 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). The company had revenue of $781.91 million for 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 quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $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. On average, sell-side analysts anticipate that Equity Residential will post 3.98 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Robert Garechana sold 3,637 shares of Equity Residential stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total value of $236,877.81. Following the transaction, the executive vice president owned 18,740 shares of the company’s stock, valued at approximately $1,220,536.20. This trade represents a 16.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Catherine Carraway sold 656 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was 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 in the company, valued at approximately $1,194,419.07. The trade was a 3.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,058 shares of company stock valued at $655,078 over the last three months. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EQR. Empowered Funds LLC increased its stake in Equity Residential by 3.1% in the 1st quarter. Empowered Funds LLC now owns 7,489 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 226 shares during the period. Cresset Asset Management LLC boosted its stake in shares of Equity Residential by 13.9% during the 2nd quarter. Cresset Asset Management LLC now owns 4,836 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 590 shares during the period. Jump Financial LLC grew its holdings in shares of Equity Residential by 96.1% during the 2nd quarter. Jump Financial LLC now owns 11,300 shares of the real estate investment trust’s stock valued at $763,000 after acquiring an additional 5,537 shares in the last quarter. Federated Hermes Inc. acquired a new position in shares of Equity Residential in the second quarter worth $100,000. Finally, Cerity Partners LLC increased its stake in shares of Equity Residential by 170.7% in the second quarter. Cerity Partners LLC now owns 20,646 shares of the real estate investment trust’s stock worth $1,393,000 after acquiring an additional 13,018 shares during the last quarter. 92.68% of the stock is 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.