Mizuho Raises Equity Residential (NYSE:EQR) Price Target to $66.00

Equity Residential (NYSE:EQR) had its price target upped by analysts at Mizuho from $65.00 to $66.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s price objective suggests a potential upside of 5.13% from the company’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus set a $78.50 target price on shares of Equity Residential in a research report on Friday, February 6th. Jefferies Financial Group cut their price target on shares of Equity Residential from $68.00 to $65.00 and set a “hold” rating on the stock in a report on Tuesday, November 11th. Barclays reduced their price objective on shares of Equity Residential from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday. Scotiabank upped their price objective on shares of Equity Residential from $66.00 to $67.00 and gave the stock a “sector perform” rating in a report on Wednesday. Finally, Truist Financial cut their target price on Equity Residential from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Six research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $69.63.

Equity Residential Stock Down 0.5%

EQR stock opened at $62.78 on Friday. 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 1-year low of $58.38 and a 1-year high of $73.14. The firm has a fifty day moving average price of $62.55 and a two-hundred day moving average price of $62.55. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 4.72 and a beta of 0.75.

Equity Residential (NYSE:EQR) last posted its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.01). The firm had revenue of $781.91 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last 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. Research analysts predict that Equity Residential will post 3.98 EPS for the current year.

Insider Activity

In related news, EVP Catherine Carraway sold 656 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $65.13, for a total transaction of $42,725.28. Following the completion of the sale, the executive vice president owned 18,339 shares in the company, valued at $1,194,419.07. This represents a 3.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael L. Manelis sold 5,765 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $65.13, for a total value of $375,474.45. Following the sale, the chief operating officer owned 46,131 shares of the company’s stock, valued at approximately $3,004,512.03. The trade was a 11.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 10,058 shares of company stock valued at $655,078. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Equity Residential by 2.3% in the 3rd 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 during the last quarter. Baillie Gifford & Co. raised its position in shares of Equity Residential by 566.7% during the third quarter. Baillie Gifford & Co. now owns 115,181 shares of the real estate investment trust’s stock valued at $7,456,000 after buying an additional 97,906 shares during the last quarter. Aberdeen Group plc raised its position in shares of Equity Residential by 34.6% during the third quarter. Aberdeen Group plc now owns 568,408 shares of the real estate investment trust’s stock valued at $36,446,000 after buying an additional 146,148 shares during the last quarter. National Pension Service lifted its stake in shares of Equity Residential by 4.6% in the third quarter. National Pension Service now owns 605,494 shares of the real estate investment trust’s stock valued at $39,194,000 after buying an additional 26,590 shares during the period. Finally, Resona Asset Management Co. Ltd. lifted its stake in shares of Equity Residential by 8.8% in the third quarter. Resona Asset Management Co. Ltd. now owns 209,614 shares of the real estate investment trust’s stock valued at $13,471,000 after buying an additional 17,014 shares during the period. 92.68% of the stock is owned by 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.