Equity Residential’s (EQR) Equal Weight Rating Reiterated at Barclays

Barclays restated their equal weight rating on shares of Equity Residential (NYSE:EQR) in a report published on Tuesday, Marketbeat Ratings reports. Barclays currently has a $76.00 target price on the real estate investment trust’s stock.

A number of other equities research analysts have also recently issued reports on EQR. Piper Sandler reaffirmed a “neutral” rating and set a $72.00 target price (down from $78.00) on shares of Equity Residential in a research report on Friday, May 29th. Royal Bank Of Canada lowered shares of Equity Residential from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $69.00 to $70.00 in a research report on Monday, June 8th. Wells Fargo & Company boosted their price objective on shares of Equity Residential from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Nordea Equity Research raised shares of Equity Residential to a “buy” rating in a report on Wednesday, May 27th. Finally, Scotiabank raised their target price on shares of Equity Residential from $67.00 to $70.00 and gave the company a “sector perform” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $70.80.

Equity Residential Trading Up 2.4%

NYSE EQR opened at $69.86 on Tuesday. The firm’s 50 day moving average price is $66.95 and its two-hundred day moving average price is $63.71. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.18 and a current ratio of 0.18. Equity Residential has a twelve month low of $57.57 and a twelve month high of $71.50. The stock has a market cap of $26.19 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 5.42 and a beta of 0.74.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The company had revenue of $779.85 million during the quarter, compared to analysts’ expectations of $781.79 million. During the same period last year, the company earned $0.95 earnings per share. Equity Residential’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. Equities analysts anticipate that Equity Residential will post 4.09 EPS for the current year.

Equity Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 29th were issued a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 29th. Equity Residential’s dividend payout ratio (DPR) is presently 112.40%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQR. Fulcrum Asset Management LLP bought a new stake in shares of Equity Residential in the 3rd quarter valued at approximately $27,000. Rosenberg Matthew Hamilton lifted its position in shares of Equity Residential by 69.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares during the period. Zions Bancorporation National Association UT lifted its position in shares of Equity Residential by 375.2% during the 4th quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 379 shares during the period. DV Equities LLC acquired a new stake in Equity Residential in the 4th quarter valued at $30,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Equity Residential in the 3rd quarter valued at $31,000. Institutional investors own 92.68% of the company’s stock.

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.