Equity Residential (NYSE:EQR) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of Equity Residential (NYSE:EQR) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm issued an overweight rating and a $70.00 price target on the real estate investment trust’s stock.

Several other brokerages have also commented on EQR. Truist Financial lowered their price objective on shares of Equity Residential from $78.00 to $75.00 and set a “buy” rating for the company in a report on Friday, August 29th. JPMorgan Chase & Co. lowered their target price on Equity Residential from $76.00 to $75.00 in a research note on Tuesday, September 16th. Scotiabank dropped their price target on Equity Residential from $78.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 14th. BNP Paribas Exane downgraded Equity Residential from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Finally, Evercore ISI raised their price objective on Equity Residential from $71.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Seven investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Equity Residential has a consensus rating of “Hold” and an average target price of $74.32.

Equity Residential Stock Performance

NYSE:EQR opened at $63.32 on Wednesday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.75. The firm’s fifty day simple moving average is $64.68 and its 200 day simple moving average is $67.17. The stock has a market cap of $24.18 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 3.26 and a beta of 0.90. Equity Residential has a twelve month low of $59.41 and a twelve month high of $78.32.

Equity Residential (NYSE:EQR) last issued its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Equity Residential had a net margin of 33.22% and a return on equity of 9.05%. The business had revenue of $768.83 million during the quarter, compared to analyst estimates of $770.60 million. During the same period in the prior year, the business earned $0.97 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equity Residential has set its FY 2025 guidance at 3.970-4.030 EPS. Q3 2025 guidance at 0.990-1.030 EPS. As a group, research analysts predict that Equity Residential will post 3.98 EPS for the current year.

Equity Residential Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 25th will be given a $0.6925 dividend. This represents a $2.77 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, September 25th. Equity Residential’s payout ratio is currently 104.53%.

Institutional Trading of Equity Residential

Several institutional investors have recently bought and sold shares of the company. TCW Group Inc. raised its holdings in Equity Residential by 40.4% in the first quarter. TCW Group Inc. now owns 83,417 shares of the real estate investment trust’s stock worth $5,971,000 after buying an additional 23,997 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Equity Residential by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 3,246 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 191 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in shares of Equity Residential by 39.1% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 86,203 shares of the real estate investment trust’s stock valued at $6,170,000 after acquiring an additional 24,232 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Equity Residential by 11.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 845,820 shares of the real estate investment trust’s stock worth $60,544,000 after acquiring an additional 83,788 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Equity Residential by 9.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 54,271 shares of the real estate investment trust’s stock valued at $3,885,000 after acquiring an additional 4,499 shares in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

About Equity Residential

Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units, with an established presence in Boston, New York, Washington, DC, Seattle, San Francisco and Southern California, and an expanding presence in Denver, Atlanta, Dallas/Ft.