Equity Residential (NYSE:EQR) Given New $67.00 Price Target at Evercore

Equity Residential (NYSE:EQR) had its target price decreased by Evercore from $70.00 to $67.00 in a research note published on Monday morning,MarketScreener reports. Evercore currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Equity Residential in a report on Thursday, January 22nd. Mizuho increased their price target on Equity Residential from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, March 6th. Barclays lowered their price target on Equity Residential from $78.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, March 6th. Scotiabank increased their price target on Equity Residential from $66.00 to $67.00 and gave the company a “sector perform” rating in a report on Wednesday, March 4th. Finally, Cantor Fitzgerald increased their price target on Equity Residential from $61.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $69.58.

Equity Residential Price Performance

Shares of EQR opened at $60.06 on Monday. The firm has a market cap of $22.68 billion, a PE ratio of 20.50, a PEG ratio of 4.55 and a beta of 0.73. The firm’s 50 day moving average price is $61.67 and its 200 day moving average price is $61.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.31 and a current ratio of 0.31. Equity Residential has a twelve month low of $57.57 and a twelve month high of $72.40.

Equity Residential (NYSE:EQR) last announced its quarterly earnings results on Thursday, February 5th. The real estate investment trust reported $1.03 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.01). Equity Residential had a net margin of 36.20% and a return on equity of 9.98%. The company had revenue of $781.91 million for the quarter, compared to analyst estimates of $786.35 million. During the same quarter last year, the business earned $1.00 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Monday, March 30th will be given a $0.7025 dividend. This represents a $2.81 annualized dividend and a yield of 4.7%. This is an increase from Equity Residential’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Monday, March 30th. Equity Residential’s dividend payout ratio (DPR) is 95.90%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EQR. Collier Financial acquired a new position in Equity Residential during the third quarter worth $26,000. Fulcrum Asset Management LLP acquired a new position in Equity Residential during the third quarter worth $27,000. Rosenberg Matthew Hamilton raised its stake in Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 180 shares in the last quarter. Zions Bancorporation National Association UT raised its stake in Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 379 shares in the last quarter. Finally, DV Equities LLC acquired a new position in Equity Residential during the fourth quarter worth $30,000. 92.68% of the stock is owned by institutional investors.

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.